Savion has a business net operatin

rated significant taxable profits in $2021$ and in $2022.$ Which of the following is true?

a$.$ Savion may use the net operating loss to offset income from any year he chooses.

b$.$ Savion must carry forward the net operating loss $($no carryback is available$).$

c$.$ Savion may elect to offset the income he generated in $2021$ and $2022$ with $2023\text{'}$s net operating loss, with the remainder used to offset future annual taxable income.

d$.$ Net operating losses can offset $100\%$ of the income in future years.