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.
So in this case, it is probably not necessary for you to report the income; however, for the benefit of other readers, in some cases you might need to report it under other income or book it as a capital gain/loss, depending on what those personal items are and whether or not you made a net profit.owever, you don't get to book a loss as a capital loss. This is the first hint that your book sale-which is actually an exempt capital loss-shouldn't go on your tax return unless it's one of the listed items: LISTED PERSONAL PROPERTY. 7.