Investors & landlords

You do not depreciate a HOA assessment, it is entered as an expense only.

On your 2022 tax return you only report the amount that you have paid in 2022 for the assessment.  If the total assessment was not paid in 2022 then enter on the 2023 tax return the balance of the assessment you will pay in 2023.

It should be entered on Schedule E Line 19 as an Other expense.