casinos who tax winnings on blackjack

[Dog Hand]

<snip>day 1...net loss 1000
day 2...net win 1000
Tax payable when I cash in after 2 days is nil, because 2-day play was level, but if I cash in after each day's play then I will have to pay tax on the 2nd day's play because I have won 1000.<snip>

2Bornot2B,

That's you answer in a nutshell: never cash out until you're ready to leave for a long enough time that you'll lose "credit" for all your buy ins. Does the casino keep track of your buy ins for a year, a month, a week, or only on consecutive days? Once you know this, you'll know how long your "session" should be.

As your example shows, cashing out "early" leads to increased tax liability.

Hope this helps!

Dog Hand