if the suspended passive loss was ordinary, it will now flow to schedule E page 2. and your choice in "picking 2023" may be an issue that the IRS could challenge.
The subjective component relates to the important question of when a property becomes worthless. A taxpayer is entitled to exercise judgment and discretion in determining when an asset has become worthless to him or her, even if someone else might have considered the asset in question virtually valueless in a prior year or might have been willing to gamble that the value could be restored in a future year. The taxpayer's subjective determination of worthlessness must be accompanied by a reasonable showing that the asset was in fact essentially valueless at the time selected by the taxpayer, as confirmed by objective evidence.
in other words, if the evidence shows it was worthless in some other open year that's the year for the write off. if it's a closed year you essentially can be denied any deduction.
