Can you stop depreciating rental property in tax filing after 5 years of depreciation?

Not really...for a number of reasons: One, you can't change established accounting policies (right or wrong) without getting IRS permission through the change of accounting process, done by filing a form 3115. More importantly, the rules read that when you sell the property you must "recover" and depreciation taken or allowed to be taken, so even if you don't take it for some years, you have to replace it on sale...giving you the bad without the good.