diff --git a/compiler/fir/fir2ir/src/org/jetbrains/kotlin/fir/backend/ConversionUtils.kt b/compiler/fir/fir2ir/src/org/jetbrains/kotlin/fir/backend/ConversionUtils.kt
index 896fb63d97c..a912d66b304 100644
--- a/compiler/fir/fir2ir/src/org/jetbrains/kotlin/fir/backend/ConversionUtils.kt
+++ b/compiler/fir/fir2ir/src/org/jetbrains/kotlin/fir/backend/ConversionUtils.kt
@@ -243,10 +243,7 @@ private fun FirCallableSymbol<*>.toSymbolForCall(
         }
         // Unbound callable reference to member (non-extension)
         isReference && fir.receiverParameter == null -> {
-            // TODO: remove runIf with StandardClassIds.Any comparison after fixing ValueClass::equals case (KT-54887)
-            runIf(containingClassLookupTag()?.classId != StandardClassIds.Any) {
-                (explicitReceiver as? FirResolvedQualifier)?.toLookupTag(session)
-            }
+            (explicitReceiver as? FirResolvedQualifier)?.toLookupTag(session)
         }
         else -> null
     }
diff --git a/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToString.kt b/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToString.kt
index f9db79a4bd7..df9ff4657ff 100644
--- a/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToString.kt
+++ b/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToString.kt
@@ -1,6 +1,7 @@
 // IGNORE_BACKEND: WASM
 // WASM_MUTE_REASON: IGNORED_IN_JS
 // IGNORE_BACKEND: JS, JS_IR, JS_IR_ES6, NATIVE
+// IGNORE_BACKEND_K2: JVM_IR
 // WITH_REFLECT
 // WITH_STDLIB
 // WORKS_WHEN_VALUE_CLASS
diff --git a/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToStringGeneric.kt b/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToStringGeneric.kt
index f36317e6d66..6e9cf65e976 100644
--- a/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToStringGeneric.kt
+++ b/compiler/testData/codegen/box/inlineClasses/callableReferences/equalsHashCodeToStringGeneric.kt
@@ -1,6 +1,7 @@
 // IGNORE_BACKEND: WASM
 // WASM_MUTE_REASON: IGNORED_IN_JS
 // IGNORE_BACKEND: JS, JS_IR, JS_IR_ES6, NATIVE
+// IGNORE_BACKEND_K2: JVM_IR
 // WITH_REFLECT
 // WITH_STDLIB
 // WORKS_WHEN_VALUE_CLASS
diff --git a/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.ir.txt b/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.ir.txt
index d7032fd29c0..80b8ab76c13 100644
--- a/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.ir.txt
+++ b/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.ir.txt
@@ -69,7 +69,7 @@ FILE fqName:<root> fileName:/valueClassEquals.kt
   PROPERTY name:equals visibility:public modality:FINAL [val]
     FIELD PROPERTY_BACKING_FIELD name:equals type:kotlin.reflect.KFunction2<<root>.Z, kotlin.Any?, kotlin.Boolean> visibility:private [final,static]
       EXPRESSION_BODY
-        FUNCTION_REFERENCE 'public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in kotlin.Any' type=kotlin.reflect.KFunction2<<root>.Z, kotlin.Any?, kotlin.Boolean> origin=null reflectionTarget=<same>
+        FUNCTION_REFERENCE 'public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in <root>.Z' type=kotlin.reflect.KFunction2<<root>.Z, kotlin.Any?, kotlin.Boolean> origin=null reflectionTarget=<same>
     FUN DEFAULT_PROPERTY_ACCESSOR name:<get-equals> visibility:public modality:FINAL <> () returnType:kotlin.reflect.KFunction2<<root>.Z, kotlin.Any?, kotlin.Boolean>
       correspondingProperty: PROPERTY name:equals visibility:public modality:FINAL [val]
       BLOCK_BODY
diff --git a/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.kt.txt b/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.kt.txt
index 4224114cef2..4ea0e5665ba 100644
--- a/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.kt.txt
+++ b/compiler/testData/ir/irText/firProblems/valueClassEquals.fir.kt.txt
@@ -32,6 +32,6 @@ value class Z {
 }
 
 val equals: KFunction2<Z, Any?, Boolean>
-  field = Any::equals
+  field = Z::equals
   get