That what I was told.
What kind of property? You need to tell us more details about the context of the conversation.
I don’t know what “per prop to zero in 5 years means”. If you are asking whether you can depreciate your rental property in 5 years, the answer is no. They are currently depreciated over 27.5 years, unless there’s some new tax program that I haven’t heard about.
Mike
If you are talking about personal property you install in your rental property for your tenant’s use, then the answer is yes. Personal property has a five year depreciation schedule.