diff --git a/prisma/migrations/0023_supersede_duplicates/migration.sql b/prisma/migrations/0023_supersede_duplicates/migration.sql
new file mode 100644
index 0000000..026627d
--- /dev/null
+++ b/prisma/migrations/0023_supersede_duplicates/migration.sql
@@ -0,0 +1,37 @@
+-- A transaction imported twice cannot simply be deleted.
+--
+-- Every child of `transactions` is ON DELETE CASCADE — splits, tags, overrides,
+-- expense_metadata, order_reviews. Deleting a row said to be "the duplicate"
+-- therefore destroys whatever curation happens to sit on it, silently and
+-- unrecoverably. The curation is not reliably on the surviving side either: of
+-- the 31 known duplicate pairs, one carries splits and six carry overrides, and
+-- which member holds them is an accident of import order.
+--
+-- So a duplicate is superseded, never removed. The row stays, keeps its
+-- children, and points at the row that replaces it. Reversing a mistake is then
+-- one UPDATE rather than a restore from backup.
+--
+-- This is the statement-vs-statement case. `reconciled_with_id` already covers
+-- manual-vs-statement, and deliberately cannot be reused: the predicate that
+-- hides a reconciled row is scoped to `statement_id IS NULL`, because a
+-- statement line pointing at something else is the survivor, not the duplicate.
+-- Both of these rows are statement lines.
+
+ALTER TABLE transactions
+  ADD COLUMN IF NOT EXISTS superseded_by_id integer
+    REFERENCES transactions(id) ON DELETE SET NULL;
+
+COMMENT ON COLUMN transactions.superseded_by_id IS
+  'This row was imported twice; the named row is the one that counts. Excluded from every figure, kept for its children and its audit trail. NULL = live.';
+
+CREATE INDEX IF NOT EXISTS idx_transactions_superseded
+    ON transactions (superseded_by_id)
+ WHERE superseded_by_id IS NOT NULL;
+
+-- A row cannot supersede itself, and a survivor cannot itself be superseded
+-- (that would hide both members of the pair and lose the amount entirely).
+ALTER TABLE transactions
+  DROP CONSTRAINT IF EXISTS transactions_no_self_supersede;
+ALTER TABLE transactions
+  ADD CONSTRAINT transactions_no_self_supersede
+  CHECK (superseded_by_id IS NULL OR superseded_by_id <> id);
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index 8777beb..910345e 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -183,11 +183,14 @@ model transactions {
   payment_method          String?       // card | cash | bank_transfer | other; NULL = unknown (migration 0016)
   owner_id                Int?
   reconciled_with_id      Int?
+  superseded_by_id        Int?
   principal_amount        Decimal?      @db.Decimal(12, 2)
   interest_amount         Decimal?      @db.Decimal(12, 2)
   statement               statements?   @relation(fields: [statement_id], references: [id], onDelete: Cascade)
   reconciled_with         transactions?  @relation("reconciled", fields: [reconciled_with_id], references: [id], onDelete: SetNull)
   reconciled_by           transactions[] @relation("reconciled")
+  superseded_by           transactions?  @relation("superseded", fields: [superseded_by_id], references: [id], onDelete: SetNull)
+  supersedes              transactions[] @relation("superseded")
   expense_metadata        expense_metadata?
   order_review            order_reviews?
 }
diff --git a/src/__tests__/integration/queries.test.ts b/src/__tests__/integration/queries.test.ts
index f39b7d0..4ff8693 100644
--- a/src/__tests__/integration/queries.test.ts
+++ b/src/__tests__/integration/queries.test.ts
@@ -608,3 +608,61 @@ describe("getStatements — overlapping billing periods", () => {
     expect(rows.every((r) => r.overlaps.length === 0)).toBe(true);
   });
 });
+
+// A statement imported twice puts every transaction in the overlap in the
+// ledger twice. The duplicate is superseded rather than deleted, because every
+// child of `transactions` cascades on delete.
+describe("superseded duplicates are excluded but kept", () => {
+  it("hides a superseded row from the transaction list", async () => {
+    const { ownerId } = await seedParticipants(pool);
+    const keep = await insertTransaction(pool, ownerId, { description: "RAIZ INVESTMENT", amount: 1500 });
+    const dup = await insertTransaction(pool, ownerId, { description: "RAIZ INVESTMENT", amount: 1500 });
+    await pool.query(`UPDATE transactions SET superseded_by_id = $1 WHERE id = $2`, [keep, dup]);
+
+    const { data, total } = await getTransactions(ownerId, { limit: 50, offset: 0 });
+    expect(total).toBe(1);
+    expect(data.map((t) => t.id)).toEqual([keep]);
+  });
+
+  it("keeps the superseded row and its children in the database", async () => {
+    const { ownerId, otherId } = await seedParticipants(pool);
+    const keep = await insertTransaction(pool, ownerId, { amount: 100 });
+    const dup = await insertTransaction(pool, ownerId, { amount: 100 });
+    await pool.query(
+      `INSERT INTO transaction_splits (transaction_id, participant_id, share_percent) VALUES ($1, $2, 50)`,
+      [dup, otherId]
+    );
+    await pool.query(`UPDATE transactions SET superseded_by_id = $1 WHERE id = $2`, [keep, dup]);
+
+    const rows = await pool.query(`SELECT superseded_by_id FROM transactions WHERE id = $1`, [dup]);
+    expect(rows.rows[0].superseded_by_id).toBe(keep);
+    const kids = await pool.query(`SELECT count(*)::int AS n FROM transaction_splits WHERE transaction_id = $1`, [dup]);
+    expect(kids.rows[0].n).toBe(1);
+  });
+
+  // The point of excluding it: a split on a duplicate must not be owed twice.
+  it("does not count a superseded row towards what someone owes", async () => {
+    const { ownerId, otherId } = await seedParticipants(pool);
+    const keep = await insertTransaction(pool, ownerId, { amount: 100 });
+    const dup = await insertTransaction(pool, ownerId, { amount: 100 });
+    for (const id of [keep, dup]) {
+      await pool.query(
+        `INSERT INTO transaction_splits (transaction_id, participant_id, share_percent) VALUES ($1, $2, 50)`,
+        [id, otherId]
+      );
+    }
+    await pool.query(`UPDATE transactions SET superseded_by_id = $1 WHERE id = $2`, [keep, dup]);
+
+    const balances = await getParticipantBalances(ownerId);
+    const bob = balances.find((b) => b.id === otherId);
+    expect(Number(bob!.total_owed)).toBeCloseTo(50);
+  });
+
+  it("refuses to let a row supersede itself", async () => {
+    const { ownerId } = await seedParticipants(pool);
+    const id = await insertTransaction(pool, ownerId);
+    await expect(
+      pool.query(`UPDATE transactions SET superseded_by_id = $1 WHERE id = $1`, [id])
+    ).rejects.toThrow();
+  });
+});
diff --git a/src/lib/analytics-sql.ts b/src/lib/analytics-sql.ts
index a2da1f8..baa05f9 100644
--- a/src/lib/analytics-sql.ts
+++ b/src/lib/analytics-sql.ts
@@ -36,7 +36,9 @@ export const OWNER_SCOPE = `COALESCE(t.owner_id, s.owner_id)`;
 export const STATEMENTS_JOIN = `LEFT JOIN statements s ON s.id = t.statement_id`;
 
 /**
- * Drops the manual/CSV row that a statement line has superseded.
+ * Drops rows that a different row has replaced. Two distinct cases:
+ *
+ * **1. The manual/CSV row a statement line superseded** (`reconciled_with_id`).
  *
  * Reconciliation keeps both rows: the manual one the user entered and the
  * statement line it turned out to be. Only the statement line should count, or
@@ -52,8 +54,26 @@ export const STATEMENTS_JOIN = `LEFT JOIN statements s ON s.id = t.statement_id`
  * inserted with `reconciled_with_id` NULL and are held out of the reconcile
  * queue by `needsCardMatch()`, so nothing ever sets it. If one is reconciled by
  * hand against a card line, this is what stops it double-counting.
+ *
+ * **2. The statement row imported twice** (`superseded_by_id`, migration 0023).
+ *
+ * When two statements for one account bill overlapping periods, every
+ * transaction in the overlap arrives twice — 31 pairs on ANZ `4085-56264`, from
+ * statements 107/142/143. Case 1 cannot express this: its predicate is scoped
+ * to `statement_id IS NULL` on purpose, and here BOTH rows are statement lines.
+ *
+ * The superseded row is excluded rather than deleted because every child of
+ * `transactions` cascades on delete, and the curation is not reliably on the
+ * surviving side.
+ *
+ * Adding it to this fragment rather than making a new one is deliberate: every
+ * query that already asks "count each purchase once" now excludes both kinds
+ * without being edited. Anything summing transactions without this fragment
+ * still double-counts — that is the same gap that let reconciled rows into the
+ * analytics routes in the first place.
  */
-export const EXCLUDE_RECONCILED_SOURCE = `NOT (t.statement_id IS NULL AND t.reconciled_with_id IS NOT NULL)`;
+export const EXCLUDE_RECONCILED_SOURCE = `NOT (t.statement_id IS NULL AND t.reconciled_with_id IS NOT NULL)
+  AND t.superseded_by_id IS NULL`;
 
 /**
  * The currency `t.amount` is actually denominated in.
diff --git a/src/lib/queries.ts b/src/lib/queries.ts
index bde97f1..4bac104 100644
--- a/src/lib/queries.ts
+++ b/src/lib/queries.ts
@@ -897,6 +897,7 @@ export interface TripAnalytics {
 // alias the shared fragments assume.
 const TRIP_TOTAL_SPEND = `COALESCE(SUM(
         CASE WHEN ${NET_SPEND_ROWS}
+             AND ${EXCLUDE_RECONCILED_SOURCE}
              AND COALESCE(o.category_override, t.category, 'other') NOT IN ('transfers', 'investment')
         THEN ${SPEND_SIGNED} ELSE 0 END
       ), 0)::float AS total_spend`;
@@ -964,6 +965,7 @@ export async function getTripAnalytics(tripId: number, ownerId: number): Promise
       JOIN transactions t ON t.id = o.transaction_id
       WHERE o.trip_id = $1
         AND ${NET_SPEND_ROWS}
+        AND ${EXCLUDE_RECONCILED_SOURCE}
         AND COALESCE(o.category_override, t.category, 'other') NOT IN ('transfers', 'investment')
       GROUP BY 1
       ORDER BY 2 DESC
@@ -977,6 +979,7 @@ export async function getTripAnalytics(tripId: number, ownerId: number): Promise
       JOIN transactions t ON t.id = o.transaction_id
       WHERE o.trip_id = $1
         AND ${NET_SPEND_ROWS}
+        AND ${EXCLUDE_RECONCILED_SOURCE}
         AND COALESCE(o.category_override, t.category, 'other') NOT IN ('transfers', 'investment')
       GROUP BY 1
       ORDER BY 1
@@ -991,6 +994,7 @@ export async function getTripAnalytics(tripId: number, ownerId: number): Promise
       JOIN transactions t ON t.id = o.transaction_id
       WHERE o.trip_id = $1
         AND ${NET_SPEND_ROWS}
+        AND ${EXCLUDE_RECONCILED_SOURCE}
         AND COALESCE(o.category_override, t.category, 'other') NOT IN ('transfers', 'investment')
       GROUP BY 1
       ORDER BY 2 DESC
@@ -1008,6 +1012,7 @@ export async function getTripAnalytics(tripId: number, ownerId: number): Promise
       JOIN tags tg ON tg.id = tt.tag_id
       WHERE o.trip_id = $1
         AND ${NET_SPEND_ROWS}
+        AND ${EXCLUDE_RECONCILED_SOURCE}
         AND COALESCE(o.category_override, t.category, 'other') NOT IN ('transfers', 'investment')
       GROUP BY tg.id
       ORDER BY 4 DESC