Which of the following statements regarding net operating losses originating in $2017$ is true?

Multiple Choice

A corporation can carry the NOL back two years and forward up to $20$ years.

A corporation can carry the NOL back two years and forward indefinitely.

A corporation can carry the NOL back five years and carry it forward indefinitely.

None of these is a true statement.

It can offset up to $80$ percent of taxable income before the NOL deduction in a carryback year.