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.
This number is what you must report on your income tax return. Filing the Schedule C: When you have completed Schedule C, take the Net Profit/(Loss) from Line 31 to your Form 1040, Line 12. Add/subtract your income from this business to other income from other businesses (not your wages from an employer).