In 2022, the estate of Micah Graham incurred a net operating loss. This was the estate's final return. Which of the following correctly describes the treatment of this loss? The unused loss is: Carried back indefinitely to offset prior-year estate income. Passed through to the beneficiaries. The beneficiaries may apply it against current-year income and carry unused amounts forward indefinitely. Deducted on the estate's Form 706. Suspended until the death of Micah's surviving spouse (if any) and deducted on the spouse's estate's Form 1041.