I. Sync Import:
current year plus enough of the prior year to find opening trades for
trades currently in your account. You can import trades in any
order. TAPro will match your closing trades using FIFO (First In,
First Out). If you add an earlier trade TAPro will automatically
change the matching order unless lock the group.
To control the date range of data import select
"Sync/Change Sync Date Range" from the main menu bar. If you import
the same range again this is ok. TAPro will recognize identical
trades and save them in a file for review.
When ready select the Account screen and select the sync
button. The reason to select the account screen is because if you
are on the transactions screen then TA will also update the display
periodically, which delays the import.
Select an appropriate Sync Range:
Manual Sync Date Range:
During tax season when servers are busy or if you have more
than "1,000" trades you might consider selecting a narrow range (for
example the prior year). If you select sync twice for the same date
range TA will save duplicate trades (trades that have already been
imported) to a file for your review.
Sync Date Range:
After the bulk
of data has been imported then change the setting to Automatic so that TA
can manage the date range. Each time you select "Sync" TA will
request trades from the last sync request until the current date.
This is why you may want to avoid starting with Automatic for your first
sync. If you start with Automatic mode then TA will request several
years of data during the first request. This could be too much data
and cause the server to time out.
If sync is not successful TA will display a message indicating why sync
was not successful.
If you encounter a timeout then reduce the date range using the steps
If you receive a Username/Password error then return to the Accounts
screen and select the Modify button. Review your settings.
If you still are not successful, please send email to
and indicate the content of the error message.
The Sync Download Steps:
(from the Accounts Screen).
TAPro contacts the site and wait for a response.
The performance of the download process depends on the time of day, the
number of users accessing the shared server and the speed of your internet
connection. For this reason we recommend a first download early in
the tax season and during off-peak hours.
After the response is received, it is processed by the receiving server.
The first check is for a valid Username/Password.
After processing, TAPro starts a search for Cancelled Trades. The
performance of the Canceled Trades process depends on the total number of
Such trade are saved to a file.
Allow the process to finish. If you are working on something else
and your system seems quiet, it might have finished and there is a buried
menu waiting for your reply. Look at the task bar. If more
than one TAPro task appears, then inspect them to see if TAPro is waiting
for your reply.
II. Import Data From a File:
You can download a .OFX/.QFX "Money/Quicken" file and
import it. This file is adjusted for cancelled trades. Below
is where you can obtain this file. For
more details visit the supported brokers page -
Log into your account.
- Navigate to "My Accounts/My Other Info/Penson Resources/"
When download is complete use File/Import/File to load
You can also import a .QIF or .CSV but each are a bit more
work. View our training videos for more details -
To import a file select File/Import/File:
There are a variety of different file formats and layouts.
The TAPro import utility is flexible. When you start an import
select the file that you want to import and TAPro will determine if it
needs guidance. If guidance is needed then follow the steps in the
menus that appear.
At the beginning of the process create a new profile name
or select an existing profile. TAPro will attempt to reuse this
profile for each import. If the profile is incorrect then to remove
a profile select "Import Rules/Profile Manager" from the File/Import menu.
III. Enter Data Manually:
You can manually modify or enter trades from the Transaction Screen
by selecting the "Add" button.
Export to 3rd Party Tax
Training Videos (with voice):