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.
Casualty and theft losses are claimed on Form 4684, Casualties and Thefts. These are the steps for calculating a deductible loss on Form 4684: Subtract the FMV of the property after the casualty from the fair market value before the casualty. Business or income-producing property is not subject to this rule.