diff --git a/src/cmd/compile/internal/gc/syntax.go b/src/cmd/compile/internal/gc/syntax.go
index b658410c53cd5..47e5e59156c92 100644
--- a/src/cmd/compile/internal/gc/syntax.go
+++ b/src/cmd/compile/internal/gc/syntax.go
@@ -141,8 +141,8 @@ const (
 	nodeInitorder, _                   // tracks state during init1; two bits
 	_, _                               // second nodeInitorder bit
 	_, nodeHasBreak
-	_, nodeNoInline // used internally by inliner to indicate that a function call should not be inlined; set for OCALLFUNC and OCALLMETH only
-	_, nodeImplicit
+	_, nodeNoInline  // used internally by inliner to indicate that a function call should not be inlined; set for OCALLFUNC and OCALLMETH only
+	_, nodeImplicit  // implicit OADDR or ODEREF; ++/-- statement represented as OASOP; or ANDNOT lowered to OAND
 	_, nodeIsDDD     // is the argument variadic
 	_, nodeDiag      // already printed error about this
 	_, nodeColas     // OAS resulting from :=
diff --git a/src/cmd/compile/internal/gc/walk.go b/src/cmd/compile/internal/gc/walk.go
index 8ae3d9a5c7bc5..74ed0411bd80b 100644
--- a/src/cmd/compile/internal/gc/walk.go
+++ b/src/cmd/compile/internal/gc/walk.go
@@ -973,6 +973,7 @@ opswitch:
 	case OANDNOT:
 		n.Left = walkexpr(n.Left, init)
 		n.Op = OAND
+		n.SetImplicit(true) // for walkCheckPtrArithmetic
 		n.Right = nod(OBITNOT, n.Right, nil)
 		n.Right = typecheck(n.Right, ctxExpr)
 		n.Right = walkexpr(n.Right, init)
@@ -4003,8 +4004,12 @@ func walkCheckPtrArithmetic(n *Node, init *Nodes) *Node {
 		case OADD:
 			walk(n.Left)
 			walk(n.Right)
-		case OSUB, OANDNOT:
+		case OSUB:
 			walk(n.Left)
+		case OAND:
+			if n.Implicit() { // was OANDNOT
+				walk(n.Left)
+			}
 		case OCONVNOP:
 			if n.Left.Type.Etype == TUNSAFEPTR {
 				n.Left = cheapexpr(n.Left, init)
diff --git a/src/runtime/checkptr_test.go b/src/runtime/checkptr_test.go
index 8ab8a4937c2be..194cc1243a96c 100644
--- a/src/runtime/checkptr_test.go
+++ b/src/runtime/checkptr_test.go
@@ -27,6 +27,7 @@ func TestCheckPtr(t *testing.T) {
 		{"CheckPtrAlignmentPtr", "fatal error: checkptr: misaligned pointer conversion\n"},
 		{"CheckPtrAlignmentNoPtr", ""},
 		{"CheckPtrArithmetic", "fatal error: checkptr: pointer arithmetic result points to invalid allocation\n"},
+		{"CheckPtrArithmetic2", "fatal error: checkptr: pointer arithmetic result points to invalid allocation\n"},
 		{"CheckPtrSize", "fatal error: checkptr: converted pointer straddles multiple allocations\n"},
 		{"CheckPtrSmall", "fatal error: checkptr: pointer arithmetic computed bad pointer value\n"},
 	}
diff --git a/src/runtime/testdata/testprog/checkptr.go b/src/runtime/testdata/testprog/checkptr.go
index 45e6fb1aa53f6..e0a2794f4c1da 100644
--- a/src/runtime/testdata/testprog/checkptr.go
+++ b/src/runtime/testdata/testprog/checkptr.go
@@ -10,6 +10,7 @@ func init() {
 	register("CheckPtrAlignmentNoPtr", CheckPtrAlignmentNoPtr)
 	register("CheckPtrAlignmentPtr", CheckPtrAlignmentPtr)
 	register("CheckPtrArithmetic", CheckPtrArithmetic)
+	register("CheckPtrArithmetic2", CheckPtrArithmetic2)
 	register("CheckPtrSize", CheckPtrSize)
 	register("CheckPtrSmall", CheckPtrSmall)
 }
@@ -32,6 +33,13 @@ func CheckPtrArithmetic() {
 	sink2 = (*int)(unsafe.Pointer(i))
 }
 
+func CheckPtrArithmetic2() {
+	var x [2]int64
+	p := unsafe.Pointer(&x[1])
+	var one uintptr = 1
+	sink2 = unsafe.Pointer(uintptr(p) & ^one)
+}
+
 func CheckPtrSize() {
 	p := new(int64)
 	sink2 = p
diff --git a/test/fixedbugs/issue40917.go b/test/fixedbugs/issue40917.go
new file mode 100644
index 0000000000000..2128be5eca48b
--- /dev/null
+++ b/test/fixedbugs/issue40917.go
@@ -0,0 +1,23 @@
+// run -gcflags=-d=checkptr
+
+// Copyright 2020 The Go Authors. All rights reserved.
+// Use of this source code is governed by a BSD-style
+// license that can be found in the LICENSE file.
+
+package main
+
+import "unsafe"
+
+func main() {
+	var x [2]uint64
+	a := unsafe.Pointer(&x[1])
+
+	b := a
+	b = unsafe.Pointer(uintptr(b) + 2)
+	b = unsafe.Pointer(uintptr(b) - 1)
+	b = unsafe.Pointer(uintptr(b) &^ 1)
+
+	if a != b {
+		panic("pointer arithmetic failed")
+	}
+}