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.
If you sign this form, the closing agent may not send Form 1099-S Proceeds From Real Estate Transactions, which reports the sale to the IRS and to you. If you do receive Form 1099-S, you must report the sale of your home on your tax return, even if you do not have to pay tax on any gain.1  You must meet all of these qualifications to exclude the gain from the sale of your home from income: 2  You must own the property for at least two of the previous five years. You must own the property for at least two of the previous five years. 2  You must live in the property for at least two of the previous five years. 3  You must not have excluded the gain from a home during the two-year period prior to the sale of your home. 4  You cannot deduct any loss on the sale of your home.