diff --git a/runtime/doc/options.txt b/runtime/doc/options.txt
index 9f3d1dae67382..1dd74919bc35d 100644
--- a/runtime/doc/options.txt
+++ b/runtime/doc/options.txt
@@ -4842,9 +4842,9 @@ A jump table for the options with a short description can be found at |Q_op|.
 			off and the line continues beyond the right of the
 			screen.
 							*lcs-precedes*
-	  precedes:c	Character to show in the first column, when 'wrap'
-			is off and there is text preceding the character
-			visible in the first column.
+	  precedes:c	Character to show in the first visible column of the
+			physical line, when there is text preceding the
+			character visible in the first column.
 							*lcs-conceal*
 	  conceal:c	Character to show in place of concealed text, when
 			'conceallevel' is set to 1.
diff --git a/src/drawline.c b/src/drawline.c
index 39ec5ed406026..5916458be3438 100644
--- a/src/drawline.c
+++ b/src/drawline.c
@@ -2482,7 +2482,9 @@ win_line(
 	// special character (via 'listchars' option "precedes:<char>".
 	if (lcs_prec_todo != NUL
 		&& wp->w_p_list
-		&& (wp->w_p_wrap ? wp->w_skipcol > 0 : wp->w_leftcol > 0)
+		&& (wp->w_p_wrap ?
+		    (wp->w_skipcol > 0  && row == 0) :
+		    wp->w_leftcol > 0)
 #ifdef FEAT_DIFF
 		&& filler_todo <= 0
 #endif
diff --git a/src/testdir/test_display.vim b/src/testdir/test_display.vim
index 6856759ecc6e9..f500dc7891e8e 100644
--- a/src/testdir/test_display.vim
+++ b/src/testdir/test_display.vim
@@ -103,3 +103,58 @@ func Test_scroll_without_region()
   call StopVimInTerminal(buf)
   call delete('Xtestscroll')
 endfunc
+
+func Test_display_listchars_precedes()
+  call NewWindow(10, 10)
+  " Need a physical line that wraps over the complete
+  " window size
+  call append(0, repeat('aaa aaa aa ', 10))
+  call append(1, repeat(['bbb bbb bbb bbb'], 2))
+  " remove blank trailing line
+  $d
+  set list nowrap
+  call cursor(1, 1)
+  " move to end of line and scroll 2 characters back
+  norm! $2zh
+  let lines=ScreenLines([1,4], winwidth(0)+1)
+  let expect = [
+        \ " aaa aa $ |",
+        \ "$         |",
+        \ "$         |",
+        \ "~         |",
+        \ ]
+  call assert_equal(expect, lines)
+  set list listchars+=precedes:< nowrap
+  call cursor(1, 1)
+  " move to end of line and scroll 2 characters back
+  norm! $2zh
+  let lines = ScreenLines([1,4], winwidth(0)+1)
+  let expect = [
+        \ "<aaa aa $ |",
+        \ "<         |",
+        \ "<         |",
+        \ "~         |",
+        \ ]
+  call assert_equal(expect, lines)
+  set wrap
+  call cursor(1, 1)
+  " the complete line should be displayed in the window
+  norm! $
+
+  let lines = ScreenLines([1,10], winwidth(0)+1)
+  let expect = [
+        \ "<aaa aaa a|",
+        \ "a aaa aaa |",
+        \ "aa aaa aaa|",
+        \ " aa aaa aa|",
+        \ "a aa aaa a|",
+        \ "aa aa aaa |",
+        \ "aaa aa aaa|",
+        \ " aaa aa aa|",
+        \ "a aaa aa a|",
+        \ "aa aaa aa |",
+        \ ]
+  call assert_equal(expect, lines)
+  set list& listchars& wrap&
+  bw!
+endfunc
diff --git a/src/testdir/view_util.vim b/src/testdir/view_util.vim
index 72786da1b000e..1cdce216020dc 100644
--- a/src/testdir/view_util.vim
+++ b/src/testdir/view_util.vim
@@ -54,6 +54,7 @@ endfunction
 function! NewWindow(height, width) abort
   exe a:height . 'new'
   exe a:width . 'vsp'
+  set winfixwidth winfixheight
   redraw!
 endfunction
 
diff --git a/src/version.c b/src/version.c
index eb2631d218705..76873d76234cf 100644
--- a/src/version.c
+++ b/src/version.c
@@ -757,6 +757,8 @@ static char *(features[]) =
 
 static int included_patches[] =
 {   /* Add new patch number below this line */
+/**/
+    2060,
 /**/
     2059,
 /**/