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

SAP Error Message - Details

• 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 data to ensure that it is correctly classified as a real estate asset and that all relevant fields are filled out properly.
  Check Transaction Type: Ensure that the transaction you are trying to execute is appropriate for the asset type. For example, certain transactions may not be allowed for real estate assets.
  Input Tax Correction Process: If you are trying to perform an input tax correction, ensure that you are following the correct procedure for real estate assets. This may involve specific steps or transaction codes that are different from those used for other asset types.
  Consult Configuration: Review the configuration settings in the Asset Accounting module to ensure that they are set up correctly for handling real estate assets and input tax corrections. This may involve checking the settings in the IMG (Implementation Guide) under Asset Accounting.
  Seek Help from SAP Support: If the issue persists, consider reaching out to SAP support or consulting with an SAP expert who can provide guidance based on your specific system configuration and business processes.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance on handling real estate assets and input tax corrections.
  Documentation: Review SAP documentation related to Asset Accounting, particularly sections that cover real estate assets and tax handling.
  User Forums: Engage with SAP user forums or communities where other users may have encountered similar issues and can share their solutions or experiences.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.