diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation.args b/compiler/testData/cli/jvm/firVsClassicAnnotation.args
new file mode 100644
index 00000000000..4da212cfd5c
--- /dev/null
+++ b/compiler/testData/cli/jvm/firVsClassicAnnotation.args
@@ -0,0 +1,6 @@
+$TESTDATA_DIR$/firVsClassicAnnotation.kt
+-classpath
+$TESTDATA_DIR$/firVsClassicAnnotation
+-Xuse-fir
+-d
+$TEMP_DIR$
diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation.kt b/compiler/testData/cli/jvm/firVsClassicAnnotation.kt
new file mode 100644
index 00000000000..1fb8ae86288
--- /dev/null
+++ b/compiler/testData/cli/jvm/firVsClassicAnnotation.kt
@@ -0,0 +1,24 @@
+// Library part (build by FE 1.0)
+
+//package lib
+//
+//@Target(AnnotationTarget.PROPERTY, AnnotationTarget.FIELD)
+//annotation class Property(
+//    val description: String = "",
+//    val ignore: Boolean = false,
+//
+//    val externalName: String = ""
+//)
+//
+//open class LocatableRunConfigurationOptions {
+//    @Property(ignore = true)
+//    val isNameGenerated by lazy { false }
+//}
+
+// Main part
+
+package use
+
+import lib.LocatableRunConfigurationOptions
+
+class JvmMainMethodRunConfigurationOptions : LocatableRunConfigurationOptions()
diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation.out b/compiler/testData/cli/jvm/firVsClassicAnnotation.out
new file mode 100644
index 00000000000..f23634d9e19
--- /dev/null
+++ b/compiler/testData/cli/jvm/firVsClassicAnnotation.out
@@ -0,0 +1,110 @@
+warning: ATTENTION!
+ This build uses in-dev FIR:
+  -Xuse-fir
+exception: java.lang.IllegalStateException: Exception while evaluating constants in file firVsClassicAnnotation.kt
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformerKt.evaluateConstants(IrConstTransformer.kt:27)
+	at org.jetbrains.kotlin.fir.backend.Fir2IrConverter$Companion.createModuleFragment(Fir2IrConverter.kt:324)
+	at org.jetbrains.kotlin.fir.analysis.FirAnalyzerFacade.convertToIr(FirAnalyzerFacade.kt:110)
+	at org.jetbrains.kotlin.cli.jvm.compiler.FirKotlinToJvmBytecodeCompiler.compileModule(FirKotlinToJvmBytecodeCompiler.kt:139)
+	at org.jetbrains.kotlin.cli.jvm.compiler.FirKotlinToJvmBytecodeCompiler.compileModulesUsingFrontendIR(FirKotlinToJvmBytecodeCompiler.kt:110)
+	at org.jetbrains.kotlin.cli.jvm.compiler.KotlinToJVMBytecodeCompiler.compileModules$cli(KotlinToJVMBytecodeCompiler.kt:87)
+	at org.jetbrains.kotlin.cli.jvm.compiler.KotlinToJVMBytecodeCompiler.compileModules$cli$default(KotlinToJVMBytecodeCompiler.kt:60)
+	at org.jetbrains.kotlin.cli.jvm.K2JVMCompiler.doExecute(K2JVMCompiler.kt:170)
+	at org.jetbrains.kotlin.cli.jvm.K2JVMCompiler.doExecute(K2JVMCompiler.kt:52)
+	at org.jetbrains.kotlin.cli.common.CLICompiler.execImpl(CLICompiler.kt:92)
+	at org.jetbrains.kotlin.cli.common.CLICompiler.execImpl(CLICompiler.kt:44)
+	at org.jetbrains.kotlin.cli.common.CLITool.exec(CLITool.kt:98)
+	at org.jetbrains.kotlin.cli.common.CLITool.exec(CLITool.kt:76)
+	at org.jetbrains.kotlin.cli.common.CLITool.exec(CLITool.kt:45)
+	at org.jetbrains.kotlin.cli.common.CLITool$Companion.doMainNoExit(CLITool.kt:227)
+	at org.jetbrains.kotlin.cli.common.CLITool$Companion.doMainNoExit$default(CLITool.kt:225)
+	at org.jetbrains.kotlin.test.CompilerTestUtil.executeCompiler(CompilerTestUtil.kt:41)
+	at org.jetbrains.kotlin.cli.AbstractCliTest.executeCompilerGrabOutput(AbstractCliTest.java:73)
+	at org.jetbrains.kotlin.cli.AbstractCliTest.doTest(AbstractCliTest.java:105)
+	at org.jetbrains.kotlin.cli.AbstractCliTest.doJvmTest(AbstractCliTest.java:273)
+	at org.jetbrains.kotlin.test.KotlinTestUtils.lambda$testWithCustomIgnoreDirective$4(KotlinTestUtils.java:522)
+	at org.jetbrains.kotlin.test.KotlinTestUtils.runTestImpl(KotlinTestUtils.java:492)
+	at org.jetbrains.kotlin.test.KotlinTestUtils.runTest(KotlinTestUtils.java:435)
+	at org.jetbrains.kotlin.cli.CliTestGenerated$Jvm.runTest(CliTestGenerated.java:27)
+	at org.jetbrains.kotlin.cli.CliTestGenerated$Jvm.testFirVsClassicAnnotation(CliTestGenerated.java:331)
+	at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
+	at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
+	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
+	at java.lang.reflect.Method.invoke(Method.java:498)
+	at junit.framework.TestCase.runTest(TestCase.java:176)
+	at org.jetbrains.kotlin.test.testFramework.KtUsefulTestCase.lambda$runTest$5(KtUsefulTestCase.java:285)
+	at org.jetbrains.kotlin.test.testFramework.KtUsefulTestCase.invokeTestRunnable(KtUsefulTestCase.java:312)
+	at org.jetbrains.kotlin.test.testFramework.KtUsefulTestCase.runTest(KtUsefulTestCase.java:300)
+	at org.jetbrains.kotlin.test.testFramework.KtUsefulTestCase.defaultRunBare(KtUsefulTestCase.java:323)
+	at org.jetbrains.kotlin.test.testFramework.KtUsefulTestCase.runBare(KtUsefulTestCase.java:384)
+	at junit.framework.TestResult$1.protect(TestResult.java:122)
+	at junit.framework.TestResult.runProtected(TestResult.java:142)
+	at junit.framework.TestResult.run(TestResult.java:125)
+	at junit.framework.TestCase.run(TestCase.java:129)
+	at junit.framework.TestSuite.runTest(TestSuite.java:252)
+	at junit.framework.TestSuite.run(TestSuite.java:247)
+	at org.junit.internal.runners.JUnit38ClassRunner.run(JUnit38ClassRunner.java:86)
+	at org.jetbrains.kotlin.test.JUnit3RunnerWithInnersForGradle.run(JUnit3RunnerWithInnersForGradle.java:71)
+	at org.jetbrains.kotlin.test.JUnit3RunnerWithInners.run(JUnit3RunnerWithInners.java:54)
+	at org.gradle.api.internal.tasks.testing.junit.JUnitTestClassExecutor.runTestClass(JUnitTestClassExecutor.java:110)
+	at org.gradle.api.internal.tasks.testing.junit.JUnitTestClassExecutor.execute(JUnitTestClassExecutor.java:58)
+	at org.gradle.api.internal.tasks.testing.junit.JUnitTestClassExecutor.execute(JUnitTestClassExecutor.java:38)
+	at org.gradle.api.internal.tasks.testing.junit.AbstractJUnitTestClassProcessor.processTestClass(AbstractJUnitTestClassProcessor.java:62)
+	at org.gradle.api.internal.tasks.testing.SuiteTestClassProcessor.processTestClass(SuiteTestClassProcessor.java:51)
+	at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
+	at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
+	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
+	at java.lang.reflect.Method.invoke(Method.java:498)
+	at org.gradle.internal.dispatch.ReflectionDispatch.dispatch(ReflectionDispatch.java:36)
+	at org.gradle.internal.dispatch.ReflectionDispatch.dispatch(ReflectionDispatch.java:24)
+	at org.gradle.internal.dispatch.ContextClassLoaderDispatch.dispatch(ContextClassLoaderDispatch.java:33)
+	at org.gradle.internal.dispatch.ProxyDispatchAdapter$DispatchingInvocationHandler.invoke(ProxyDispatchAdapter.java:94)
+	at com.sun.proxy.$Proxy2.processTestClass(Unknown Source)
+	at org.gradle.api.internal.tasks.testing.worker.TestWorker.processTestClass(TestWorker.java:119)
+	at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
+	at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
+	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
+	at java.lang.reflect.Method.invoke(Method.java:498)
+	at org.gradle.internal.dispatch.ReflectionDispatch.dispatch(ReflectionDispatch.java:36)
+	at org.gradle.internal.dispatch.ReflectionDispatch.dispatch(ReflectionDispatch.java:24)
+	at org.gradle.internal.remote.internal.hub.MessageHubBackedObjectConnection$DispatchWrapper.dispatch(MessageHubBackedObjectConnection.java:182)
+	at org.gradle.internal.remote.internal.hub.MessageHubBackedObjectConnection$DispatchWrapper.dispatch(MessageHubBackedObjectConnection.java:164)
+	at org.gradle.internal.remote.internal.hub.MessageHub$Handler.run(MessageHub.java:414)
+	at org.gradle.internal.concurrent.ExecutorPolicy$CatchAndRecordFailures.onExecute(ExecutorPolicy.java:64)
+	at org.gradle.internal.concurrent.ManagedExecutorImpl$1.run(ManagedExecutorImpl.java:48)
+	at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1149)
+	at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:624)
+	at org.gradle.internal.concurrent.ThreadFactoryImpl$ManagedThreadRunnable.run(ThreadFactoryImpl.java:56)
+	at java.lang.Thread.run(Thread.java:748)
+Caused by: java.lang.IllegalStateException: Exception while interpreting annotation of a declaration PROPERTY FAKE_OVERRIDE name:isNameGenerated visibility:public modality:FINAL [fake_override,val]: Property(description = 'true', ignore = <null>, externalName = <null>)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.visitDeclaration(IrConstTransformer.kt:64)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitProperty(IrElementTransformerVoid.kt:78)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitProperty(IrElementTransformerVoid.kt:79)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitProperty(IrElementTransformerVoid.kt:24)
+	at org.jetbrains.kotlin.ir.declarations.IrProperty.accept(IrProperty.kt:49)
+	at org.jetbrains.kotlin.ir.IrElement$DefaultImpls.transform(IrElement.kt:32)
+	at org.jetbrains.kotlin.ir.IrElementBase.transform(IrElementBase.kt:19)
+	at org.jetbrains.kotlin.ir.util.TransformKt.transformInPlace(transform.kt:35)
+	at org.jetbrains.kotlin.ir.declarations.IrClass.transformChildren(IrClass.kt:66)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitDeclaration(IrElementTransformerVoid.kt:57)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.visitDeclaration(IrConstTransformer.kt:66)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitClass(IrElementTransformerVoid.kt:66)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitClass(IrElementTransformerVoid.kt:67)
+	at org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid.visitClass(IrElementTransformerVoid.kt:24)
+	at org.jetbrains.kotlin.ir.declarations.IrClass.accept(IrClass.kt:55)
+	at org.jetbrains.kotlin.ir.IrElement$DefaultImpls.transform(IrElement.kt:32)
+	at org.jetbrains.kotlin.ir.IrElementBase.transform(IrElementBase.kt:19)
+	at org.jetbrains.kotlin.ir.declarations.impl.IrFileImpl.transformChildren(IrFileImpl.kt:89)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformerKt.evaluateConstants(IrConstTransformer.kt:25)
+	... 73 more
+Caused by: java.lang.ClassCastException: java.lang.Boolean cannot be cast to java.lang.String
+	at org.jetbrains.kotlin.ir.interpreter.IrTreeBuildUtilsKt.toIrConstOrNull(IrTreeBuildUtils.kt:57)
+	at org.jetbrains.kotlin.ir.interpreter.IrTreeBuildUtilsKt.toIrConst(IrTreeBuildUtils.kt:65)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.convertToConstIfPossible(IrConstTransformer.kt:115)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.transformSingleArg(IrConstTransformer.kt:105)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.transformAnnotation(IrConstTransformer.kt:80)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.transformAnnotations(IrConstTransformer.kt:71)
+	at org.jetbrains.kotlin.fir.backend.evaluate.IrConstTransformer.visitDeclaration(IrConstTransformer.kt:62)
+	... 91 more
+
+INTERNAL_ERROR
diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions$isNameGenerated$2.class b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions$isNameGenerated$2.class
new file mode 100644
index 00000000000..61dd8ebea73
Binary files /dev/null and b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions$isNameGenerated$2.class differ
diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions.class b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions.class
new file mode 100644
index 00000000000..cc1483f4e3c
Binary files /dev/null and b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/LocatableRunConfigurationOptions.class differ
diff --git a/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/Property.class b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/Property.class
new file mode 100644
index 00000000000..9a22b7981c0
Binary files /dev/null and b/compiler/testData/cli/jvm/firVsClassicAnnotation/lib/Property.class differ
diff --git a/compiler/tests-gen/org/jetbrains/kotlin/cli/CliTestGenerated.java b/compiler/tests-gen/org/jetbrains/kotlin/cli/CliTestGenerated.java
index b7a5e1cdcd8..a01074d2f65 100644
--- a/compiler/tests-gen/org/jetbrains/kotlin/cli/CliTestGenerated.java
+++ b/compiler/tests-gen/org/jetbrains/kotlin/cli/CliTestGenerated.java
@@ -326,6 +326,11 @@ public class CliTestGenerated extends AbstractCliTest {
             runTest("compiler/testData/cli/jvm/firStdlibDependency.args");
         }
 
+        @TestMetadata("firVsClassicAnnotation.args")
+        public void testFirVsClassicAnnotation() throws Exception {
+            runTest("compiler/testData/cli/jvm/firVsClassicAnnotation.args");
+        }
+
         @TestMetadata("flagAllowingResultAsReturnType.args")
         public void testFlagAllowingResultAsReturnType() throws Exception {
             runTest("compiler/testData/cli/jvm/flagAllowingResultAsReturnType.args");