Property Management 1099 K

I received a 1099-K for 2024 from the software we use to collect rent. As a property management company, we typically issue 1099-MISCs to the property owners for their rental income, since the money we collect isn’t ours—it goes into a trust account on their behalf. Because of that, we usually exclude that income from our gross revenues.

Now that I’ve entered the 1099-K into TurboTax, it’s showing the full amount of rent collected (including what we collected on behalf of the owners) as income, which inflates our revenue. I understand I need to report the 1099-K, but how do I properly offset the amounts we disbursed to the owners—those which we’ve already reported on the 1099-MISCs we sent them?