1099K's from airbnb should not include adjustments and resolutions

[Kathy899]

1099's represent income.  How can amounts that I never received be included?  Airbnb says the IRS "requires" them to report adustments and resolutions as income, but I don't buy it.  If it never hit my bank account,  it isn't income.  I know I can deduct it as a business expense, but that means I only recoup a percentage.  I want my 1099K from airbnb to show the amount I actually received.  This extra $5,000-$10,000 pushes people into higher tax brackets

[Mike-And-Jane0]

@Kathy899 any adjustments/resolutions are surely expensable.

[Kathy899]

Deductions should be for expenses like cleaning and property taxes.  They should be applied to income received.  Adjustments aren't income, because we never received them.  it's like being taxed on a Christmas bonus that you never received.