Oak View, California. Homefacts City Report. Oak View is located in Ventura County, CA. The population is 4,337. There are 1 public schools in Oak View with an average Homefacts rating of B-. The total crime rate for Oak View is very low, and there are 9 registered sex offenders residing in the city.
If you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.f you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.
Handle your business losses properly. When you opened your business, you hoped to be reporting a profit when tax time rolled around. But if you end up with a loss instead, you can take some of the sting out of the situation by reporting and deducting that loss on your income taxes.Business losses are deductible for tax purposes, but you do need to report them properly to avoid problems with the Internal Revenue Service.ut if you end up with a loss instead, you can take some of the sting out of the situation by reporting and deducting that loss on your income taxes. Business losses are deductible for tax purposes, but you do need to report them properly to avoid problems with the Internal Revenue Service.