What is the correct order in which the limitations on potential losses must be applied for $2022?$

A$.$ First basis; secounnd $,$ at$-$risk; third, passive activity; fourth,exces excess businesses loss.

B$.$ First, at risk; secounnd$,$ basis; third, excess loss; fourth, passive activity.

C$.$ First, passive activitactivity; second, excess business loss; third, basis; foutrth, at$-$risk.

D$.$ Forsirst, basis; second passive activity; third, excess business loss; fourth, at$-$risk.