diff --git a/internal/transformers/estransforms/async.go b/internal/transformers/estransforms/async.go
index fc1d56992c0..f4138496755 100644
--- a/internal/transformers/estransforms/async.go
+++ b/internal/transformers/estransforms/async.go
@@ -30,9 +30,6 @@ type asyncTransformer struct {
 	enclosingFunctionParameterNames *collections.Set[string]
 	lexicalArguments                lexicalArgumentsInfo
 
-	parentNode  *ast.Node
-	currentNode *ast.Node
-
 	asyncBodyVisitor    *ast.NodeVisitor
 	fallbackNodeVisitor *ast.NodeVisitor
 }
@@ -111,7 +108,10 @@ func (tx *asyncTransformer) fallbackVisitor(node *ast.Node) *ast.Node {
 		ast.KindVariableDeclaration:
 		// fall through to visitEachChild
 	case ast.KindIdentifier:
-		if tx.lexicalArguments.binding != nil && node.Text() == "arguments" && !isNameOfPropertyAccessOrAssignment(tx.parentNode, node) {
+		if tx.lexicalArguments.binding != nil &&
+			node.Text() == "arguments" &&
+			!ast.IsIdentifierName(node) &&
+			!ast.IsLabelName(node) {
 			tx.lexicalArguments.used = true
 			return tx.lexicalArguments.binding
 		}
@@ -119,23 +119,11 @@ func (tx *asyncTransformer) fallbackVisitor(node *ast.Node) *ast.Node {
 	return tx.fallbackNodeVisitor.VisitEachChild(node)
 }
 
-func (tx *asyncTransformer) descendInto(node *ast.Node) func() {
-	savedParent := tx.parentNode
-	tx.parentNode = tx.currentNode
-	tx.currentNode = node
-	return func() { tx.currentNode = tx.parentNode; tx.parentNode = savedParent }
-}
-
 func (tx *asyncTransformer) visitFallback(node *ast.Node) *ast.Node {
-	cleanup := tx.descendInto(node)
-	defer cleanup()
 	return tx.fallbackVisitor(node)
 }
 
 func (tx *asyncTransformer) visit(node *ast.Node) *ast.Node {
-	cleanup := tx.descendInto(node)
-	defer cleanup()
-
 	if node.SubtreeFacts()&(ast.SubtreeContainsAnyAwait|ast.SubtreeContainsAwait) == 0 {
 		return tx.fallbackVisitor(node)
 	}
@@ -965,12 +953,6 @@ func (tx *asyncTransformer) getOriginalIfFunctionLike(node *ast.Node) *ast.Node
 	return node
 }
 
-func isNameOfPropertyAccessOrAssignment(parent *ast.Node, node *ast.Node) bool {
-	return parent != nil &&
-		(ast.IsPropertyAccessExpression(parent) || ast.IsPropertyAssignment(parent)) &&
-		parent.Name() == node
-}
-
 // isSimpleParameterList checks if every parameter has no initializer and an Identifier name.
 func isSimpleParameterList(params []*ast.Node) bool {
 	for _, param := range params {
diff --git a/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.js b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.js
new file mode 100644
index 00000000000..8dfdbbdc4a5
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.js
@@ -0,0 +1,26 @@
+//// [tests/cases/compiler/asyncDestructuringArgumentsProperty.ts] ////
+
+//// [asyncDestructuringArgumentsProperty.ts]
+async function f() {
+  const { arguments: args } = await { arguments: 42 };
+  return args;
+}
+
+
+//// [asyncDestructuringArgumentsProperty.js]
+"use strict";
+var __awaiter = (this && this.__awaiter) || function (thisArg, _arguments, P, generator) {
+    function adopt(value) { return value instanceof P ? value : new P(function (resolve) { resolve(value); }); }
+    return new (P || (P = Promise))(function (resolve, reject) {
+        function fulfilled(value) { try { step(generator.next(value)); } catch (e) { reject(e); } }
+        function rejected(value) { try { step(generator["throw"](value)); } catch (e) { reject(e); } }
+        function step(result) { result.done ? resolve(result.value) : adopt(result.value).then(fulfilled, rejected); }
+        step((generator = generator.apply(thisArg, _arguments || [])).next());
+    });
+};
+function f() {
+    return __awaiter(this, void 0, void 0, function* () {
+        const { arguments: args } = yield { arguments: 42 };
+        return args;
+    });
+}
diff --git a/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.symbols b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.symbols
new file mode 100644
index 00000000000..b36b9d30c07
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.symbols
@@ -0,0 +1,15 @@
+//// [tests/cases/compiler/asyncDestructuringArgumentsProperty.ts] ////
+
+=== asyncDestructuringArgumentsProperty.ts ===
+async function f() {
+>f : Symbol(f, Decl(asyncDestructuringArgumentsProperty.ts, 0, 0))
+
+  const { arguments: args } = await { arguments: 42 };
+>arguments : Symbol(arguments, Decl(asyncDestructuringArgumentsProperty.ts, 1, 37))
+>args : Symbol(args, Decl(asyncDestructuringArgumentsProperty.ts, 1, 9))
+>arguments : Symbol(arguments, Decl(asyncDestructuringArgumentsProperty.ts, 1, 37))
+
+  return args;
+>args : Symbol(args, Decl(asyncDestructuringArgumentsProperty.ts, 1, 9))
+}
+
diff --git a/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.types b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.types
new file mode 100644
index 00000000000..c563b782d02
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncDestructuringArgumentsProperty.types
@@ -0,0 +1,18 @@
+//// [tests/cases/compiler/asyncDestructuringArgumentsProperty.ts] ////
+
+=== asyncDestructuringArgumentsProperty.ts ===
+async function f() {
+>f : () => Promise<number>
+
+  const { arguments: args } = await { arguments: 42 };
+>arguments : any
+>args : number
+>await { arguments: 42 } : { arguments: number; }
+>{ arguments: 42 } : { arguments: number; }
+>arguments : number
+>42 : 42
+
+  return args;
+>args : number
+}
+
diff --git a/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.js b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.js
new file mode 100644
index 00000000000..ba01d7dcca5
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.js
@@ -0,0 +1,28 @@
+//// [tests/cases/compiler/asyncJsxArgumentsAttributeName.ts] ////
+
+//// [test.tsx]
+declare namespace JSX {
+  interface IntrinsicElements { div: any; }
+}
+
+async function f() {
+  return <div arguments={42} />;
+}
+
+
+//// [test.jsx]
+"use strict";
+var __awaiter = (this && this.__awaiter) || function (thisArg, _arguments, P, generator) {
+    function adopt(value) { return value instanceof P ? value : new P(function (resolve) { resolve(value); }); }
+    return new (P || (P = Promise))(function (resolve, reject) {
+        function fulfilled(value) { try { step(generator.next(value)); } catch (e) { reject(e); } }
+        function rejected(value) { try { step(generator["throw"](value)); } catch (e) { reject(e); } }
+        function step(result) { result.done ? resolve(result.value) : adopt(result.value).then(fulfilled, rejected); }
+        step((generator = generator.apply(thisArg, _arguments || [])).next());
+    });
+};
+function f() {
+    return __awaiter(this, void 0, void 0, function* () {
+        return <div arguments={42}/>;
+    });
+}
diff --git a/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.symbols b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.symbols
new file mode 100644
index 00000000000..b3c864c9c3f
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.symbols
@@ -0,0 +1,19 @@
+//// [tests/cases/compiler/asyncJsxArgumentsAttributeName.ts] ////
+
+=== test.tsx ===
+declare namespace JSX {
+>JSX : Symbol(JSX, Decl(test.tsx, 0, 0))
+
+  interface IntrinsicElements { div: any; }
+>IntrinsicElements : Symbol(IntrinsicElements, Decl(test.tsx, 0, 23))
+>div : Symbol(IntrinsicElements.div, Decl(test.tsx, 1, 31))
+}
+
+async function f() {
+>f : Symbol(f, Decl(test.tsx, 2, 1))
+
+  return <div arguments={42} />;
+>div : Symbol(JSX.IntrinsicElements.div, Decl(test.tsx, 1, 31))
+>arguments : Symbol(arguments, Decl(test.tsx, 5, 13))
+}
+
diff --git a/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.types b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.types
new file mode 100644
index 00000000000..de701a409b2
--- /dev/null
+++ b/testdata/baselines/reference/compiler/asyncJsxArgumentsAttributeName.types
@@ -0,0 +1,18 @@
+//// [tests/cases/compiler/asyncJsxArgumentsAttributeName.ts] ////
+
+=== test.tsx ===
+declare namespace JSX {
+  interface IntrinsicElements { div: any; }
+>div : any
+}
+
+async function f() {
+>f : () => Promise<any>
+
+  return <div arguments={42} />;
+><div arguments={42} /> : error
+>div : any
+>arguments : number
+>42 : 42
+}
+
diff --git a/testdata/tests/cases/compiler/asyncDestructuringArgumentsProperty.ts b/testdata/tests/cases/compiler/asyncDestructuringArgumentsProperty.ts
new file mode 100644
index 00000000000..fef3ebaff81
--- /dev/null
+++ b/testdata/tests/cases/compiler/asyncDestructuringArgumentsProperty.ts
@@ -0,0 +1,6 @@
+// @target: es2015
+
+async function f() {
+  const { arguments: args } = await { arguments: 42 };
+  return args;
+}
diff --git a/testdata/tests/cases/compiler/asyncJsxArgumentsAttributeName.ts b/testdata/tests/cases/compiler/asyncJsxArgumentsAttributeName.ts
new file mode 100644
index 00000000000..66e15304dee
--- /dev/null
+++ b/testdata/tests/cases/compiler/asyncJsxArgumentsAttributeName.ts
@@ -0,0 +1,11 @@
+// @target: es2015
+// @jsx: preserve
+
+// @filename: test.tsx
+declare namespace JSX {
+  interface IntrinsicElements { div: any; }
+}
+
+async function f() {
+  return <div arguments={42} />;
+}