Setup

Setup >> Import >> Analyze >> Reports >> Export to 3rd Party Tax Software

I. Sync Download Overview:

 

You must be connected to the internet in order to import from your thinkorswim account into TradeAccountant.  There are two parts to using sync download.
 

1. Enable your account for sync download by logging into your web account and navigating to the clearing firm at least once.  This is a required step to awaken the download server.  See the details below. 


2. Enable TA for sync download.  See the details below.  Note: The password used in TradeAccountant typically is not the same as your Web password!

 

II. Enable Your Account for Sync Download - Details:

 

Sync download requires access to ""http://online.penson.com". review these steps to modify the security setting of Internet Explorer and allow access to their download site. - Click Here

 

  • Log into your web account.

  • If your web username and password don't work, call support: 1-866-839-1100 ext. 3290

  • Navigate to "My Accounts/My Other Info/Penson Resources/"
  • Respond to any security questions.
     

 

  • Your "Account Number" will appear on the Account Statement, see below.  When you see this screen your account is enabled for sync download to the account number indicated below.

 

 

 

III. Enable TradeAccountant™ for Sync Download - Details:

 

  • Select the Accounts Screen.
  • Select the Add button.  Follow the steps below.

  • Details:

  1. Account Information:
    Name your account by typing the name you want to call this account.  Enter any name.  Retain the default setting for "Mark-to-Market = No" unless it is anticipated for this account.  You can change this later also.  Choosing "Taxable = Yes" enables TA to select this account when you choose the filter "Account = All Taxable".  You can change this later.
     

  2. Financial Institution: "thinkorswim"
    Select the Financial Institution by clicking on the down arrow, then scrolling down until you see "thinkorswim", then click on the name.
     

  3. Account Number:  "07-12345678" (for example)
    The Account Number is your eight digit thinkorswim account number preceded by "07-".  For example: if your account number was "12345678" then you would type in "07-12345678".
     

  4. Enable Sync Download:  
    To enable the Username and Password fields and to indicate that TA should sync this account when the "Sync" feature is used, select this checkbox.  If you have several accounts and only want to sync one, you can modify an account later and remove the check mark from this box.
     

  5. Account Username/ID:  "07-12345678" (for example)
    The Account User/ID will be the exact same as your Account Number in step (3).  For example: if your account number was "12345678" then you would type "07-12345678".
     

  6. Account Password/PIN:  "12345678" (for example)
         The Account Password is your social security number or tax ID (for an LLC), with out the dashes.  For example, if your social security number was
    123-45-5678, then type 12345678.
     

  7. Select OK.

 

 

Congratulations setup is finished!  You are now ready to download.  To add additional accounts, select the Add button in the Accounts Screen and repeat these step.  Or continue to the Import instructions for additional suggestions - Click Here. 


(Note: Account setup information is masked and retained in your local copy of TAPro and only sent to the Clearing Firm's OFX server to authenticate requests for data download.)

Setup >> Import >> Analyze >> Reports >> Export to 3rd Party Tax Software

Training Videos (with voice): Click Here


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