With many REITs – for example Realty Income – brokers often rebook the dividends afterwards for tax reasons. This typically happens at the start of the year, when brokers have to correct the previous year’s dividends.
The process:
First, the original dividend is paid out as usual.
Then it’s canceled in the following year (booked as a “negative dividend”).
After that, the corrected dividend is credited again – often with a slightly different amount (e.g. because of a changed tax classification).
There are different ways to reflect this in Parqet.
Option 1: Autosync – automatic solution
In Autosync, we resolve this automatically by canceling the old dividend and adding the new dividend (after the tax correction).
The old dividend is canceled.
The new dividend is added with the correct amounts.
👉 This keeps your dividend history clean at all times, with no duplicate or “wrongly dated” entries.
Option 2: File import
With the file import (e.g. a PDF from your broker), it’s a bit different:
For many brokers, the file import recognizes the cancellation statement. Parqet then cancels the original dividend.
You import the corrected dividend like a normal dividend.
If the import doesn’t recognize the cancellation, cancel the old dividend yourself (see below).
Can I adjust this myself?
Yes! If the display bothers you, you have two options:
✅ Cancel the old dividend yourself: Open “Activities”, click the three dots next to the dividend and select “Cancel”. The dividend then no longer counts. You can undo this with “Delete cancellation”.
✅ Or switch to Autosync for the future, if it’s available to you, where Parqet cleans this up for you automatically.
Why doesn’t the file import recognize every cancellation?
That’s because PDF documents can be structured very differently depending on the broker. Reliably recognizing in general that “this is the cancellation of the dividend from exactly this date” is technically much harder with PDF data than with the structured data from Autosync.
Why does this mainly affect REITs like Realty Income?
With many REITs – and Realty Income is almost a well-known classic here – tax corrections regularly happen after the fact. Especially in the first months of a new year, many brokers rebook dividends already paid from the previous year (or even from the current year). The reason: the exact tax treatment (e.g. whether parts of the dividend count as a tax-free return of capital or as a regular dividend) is often only finalized afterwards.
As a result, the dividends originally received are canceled – and the correct dividends are then credited again.
More on canceled dividends at REITs
Canceled dividends at REITs (in German)