Q. How do I remove them from the official 1099k total? Is that method is accurate and dependable?
A. Yes, that is essentially the method, most people, here in the forum, recommend using when you get a 1099 (of any sort) that you believe to be inaccurate and you can not get the issuer to correct it. But, it's only a workaround. It's neither an IRS or TurboTax approved method.
Notice that there is no specified place, in TurboTax (TT) for a 1009K. That's because you are supposed to know what the income is for.
You have now identified several types of income being reported on your 1099-K. Some of it should be reported (gains on the sale of personal property and/or collectibles). The IRS gets a copy of that 1099-K. $30,000 may be enough to get their attention. Reporting it this way may or may not head of an IRS inquiry, but it most likely better than just leaving it off.
