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some time later this year you should receive a 1099-K for those payments which is a common type of income
If these are payments made to your own sole proprietor or single-member LLC business, they are reported as business income on your Schedule C. Any commissions you pay to the credit/debit card companies are reported on Schedule C as a business expense.
I received payments from my business through Wix payments
Wait a minute. You personally receive payments ***FROM*** your business? A business that you own? What kind of business do you own? Single member LLC? Multi-member LLC? S-Corp? C-Corp? something else?
The response's I've read thus far seem to have misinterpreted/misunderstood your post. Or maybe I'm the one that is not clear?
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