What is basis for input tax correction in SAP RE - Real Estate Management?

SAP Term: basis for input tax correction

• Component: RE

• Component Name: Real Estate Management

• Description: The fundamental data for determining the amount of the input tax correction. For the correction object, this includes primarily the following values: Tax code Net amount of the acquisition and production costs Tax amount that is due on the above amount Amount actually deducted after input tax distribution Non-deductible amount

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  Key Concepts: 
  Basis for input tax correction is a feature in SAP Real Estate Management (RE) that allows users to correct input tax amounts that have been incorrectly posted. This feature allows users to adjust the input tax amount for a particular transaction, and then post the corrected amount to the correct account.
  
  How to use it: 
  To use the basis for input tax correction feature in SAP RE, users must first select the transaction they wish to correct. Once the transaction is selected, users can enter the corrected input tax amount and post it to the correct account. The system will then update the transaction with the corrected amount.
  
  Tips & Tricks: 
  When using the basis for input tax correction feature in SAP RE, it is important to ensure that all of the information entered is accurate. This will help ensure that the corrected amount is posted correctly and that no errors occur. Additionally, it is important to double-check all of the information before posting it to ensure accuracy.
  
  Related Information: 
  For more information on how to use the basis for input tax correction feature in SAP RE, please refer to SAP's official documentation on Real Estate Management. Additionally, there are many online resources available that provide step-by-step instructions on how to use this feature.