I have an automatic deduction from a checking account that goes into my Vanguard Roth IRA once per month. At that point, the IRA automatically purchases shares from the appropriate fund(s), and the transactions (deduction, transfer to IRA, purchase of new shares) show up in Tiller (for a total of three or more line items).
For the above scenario, please confirm whether the “transfer” group/type should be used for the following activities:
The auto deduction from my checking account (e.g., money transferred from checking to IRA account)
The receipt of the funds by the IRA account
The transactions purchasing additional shares for the IRA with these newly arrived funds (The amount transferred to the IRA might be split up across multiple line items for these purchases, depending on how many funds I’m investing in).
Also, (if it turns out that they should all be transfers) can all three of these transactions be grouped in the same “Roth” category (which is a transfer group/type) despite their different purposes and multiple institutions/accounts being involved?