ABSTRACTWe investigate the influence of source wavelet errors on inversion‐based, surface‐related multiple attenuation, in order to address how the inverted primary impulse response, estimated primaries, and predicted multiples are affected by the estimated wavelet. In theory, errors in estimated wavelet can lead to errors in the upgoing waves. Because of smoothness and the band‐limitedness characteristics of the estimated wavelet, errors in the upgoing waves are usually not white and random. Theoretical analysis and two synthetic examples demonstrate that (i) when the overall amplitude scalar of the estimated wavelet is underestimated, the inversion of the primary impulse response suffers from instability, which will distort the estimation of primaries, and (ii) when the wavelet is overestimated, the estimated primaries will simply mimic the recorded upgoing waves. Nevertheless, the quality of the estimated primaries in the region above the first‐order, water‐bottom multiples is independent of the estimated wavelet. Synthetic results illustrate that inversion‐based, surface‐related multiple attenuation with a known wavelet is stable, since slight inaccuracy in amplitude spectrum and/or phase spectrum of the given wavelet or the corresponding upgoing waves will not lead to considerable deviation in the waveforms of the inverted results from those of the references. Furthermore, shot‐to‐shot wavelet variations, with maximum amplitude difference of 5% and maximum phase difference of 10°, create just slight artefacts in both the inverted primary impulse response and the estimated primaries. Moreover, the sensitivity test of estimation of primaries by sparse inversion method involving wavelet estimation shows that this method can stably and alternately update the wavelet and the primary impulse response; however, different choices of the initial wavelet can lead to different final inverted results.