The IsGuaranteedLoopInvariant function is making sure to check if the incoming pointer is guaranteed to be loop invariant, therefore I think the case where the pointer is defined in the entry block of a function automatically guarantees the pointer to be loop invariant, as the entry block of a function cannot have predecessors or be part of a loop.
I implemented this small patch and tested it using ninja check-llvm-unit and ninja check-llvm. I added a contained test file that shows the problem and used opt -O3 -debug on it to make sure the case is not currently handled (in fact the debug log is showing that the DSE pass is bailing out when testing if the killer store is able to clobber the dead store).
this is not really GEP specific right? Any instruction in the entry block should be loop invariant.