diff --git a/CHANGELOG.md b/CHANGELOG.md
index d56de5ad02..06e965ecc0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,7 @@ This project adheres to [Semantic Versioning](http://semver.org/).
 ### Added
 ### Fixed
 - Fix false positives for SpacingBetweenDeclarationsWithAnnotationsRule ([#1125](https://github.com/pinterest/ktlint/issues/1125))
+- Fix false positive with eol comment (`annotation-spacing`) ([#1124](https://github.com/pinterest/ktlint/issues/1124))
 ### Changed
 - Updated to dokka 1.4.32 ([#1148](https://github.com/pinterest/ktlint/pull/1148))
 ### Removed
diff --git a/ktlint-ruleset-experimental/src/main/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRule.kt b/ktlint-ruleset-experimental/src/main/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRule.kt
index 41f061f12e..860fa8b468 100644
--- a/ktlint-ruleset-experimental/src/main/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRule.kt
+++ b/ktlint-ruleset-experimental/src/main/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRule.kt
@@ -16,6 +16,7 @@ import org.jetbrains.kotlin.com.intellij.psi.impl.source.tree.PsiWhiteSpaceImpl
 import org.jetbrains.kotlin.psi.KtAnnotationEntry
 import org.jetbrains.kotlin.psi.psiUtil.children
 import org.jetbrains.kotlin.psi.psiUtil.endOffset
+import org.jetbrains.kotlin.psi.psiUtil.leaves
 
 /**
  * Ensures annotations occur immediately prior to the annotated construct
@@ -74,6 +75,10 @@ class AnnotationSpacingRule : Rule("annotation-spacing") {
             }
         )
         if (next != null) {
+            if (next.isPartOf(ElementType.EOL_COMMENT) &&
+                next.leaves(forward = false).takeWhile { it.isWhiteSpace() }.none { "\n" in it.text }
+            ) return
+
             if (node.elementType != ElementType.FILE_ANNOTATION_LIST) {
                 val psi = node.psi
                 emit(psi.endOffset - 1, ERROR_MESSAGE, true)
diff --git a/ktlint-ruleset-experimental/src/test/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRuleTest.kt b/ktlint-ruleset-experimental/src/test/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRuleTest.kt
index 82e438d006..ac25a4a31d 100644
--- a/ktlint-ruleset-experimental/src/test/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRuleTest.kt
+++ b/ktlint-ruleset-experimental/src/test/kotlin/com/pinterest/ktlint/ruleset/experimental/AnnotationSpacingRuleTest.kt
@@ -425,4 +425,17 @@ class AnnotationSpacingRuleTest {
             """.trimIndent()
         )
     }
+
+    @Test
+    fun `lint eol comment on the same line as the annotation`() {
+        assertThat(
+            AnnotationSpacingRule().lint(
+                """
+                @SuppressWarnings // foo
+                fun bar() {
+                }
+                """.trimIndent()
+            )
+        ).isEmpty()
+    }
 }