How To Fix 62827 - The asset is real estate with input tax correction

62827 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 827

• Message text: The asset is real estate with input tax correction

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

The assigned asset is a real estate asset.
If this asset is subject to input tax opting, according to German tax
law, and if the management of input tax correction items is supported,
you can only make acquisition postings for this asset using credit-side
invoicing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62827 - The asset is real estate with input tax correction ?

  The SAP error message 62827, which states "The asset is real estate with input tax correction," typically occurs in the context of asset accounting when there are issues related to the handling of real estate assets and their associated input tax corrections. This error can arise during various transactions, such as asset acquisition, transfer, or retirement.
  
  Cause:
  
  Real Estate Asset Type: The asset in question is classified as real estate, which has specific accounting rules and regulations, especially concerning input tax corrections.
  Input Tax Correction: There may be an attempt to perform an operation that is not allowed for real estate assets, such as incorrectly processing input tax corrections.
  
  Configuration Issues: The configuration settings for asset accounting or tax handling may not be set up correctly for real estate assets.
  Transaction Type: The transaction being executed may not be compatible with the asset type or its current status.
  
  
  Solution:
  
  Review Asset Master Data: Check the asset master