Which statement best describes the distinction between regular farm losses and restricted farm losses? OA Full-time farmers can incur regular farm losses, whereas restricted farm losses occur from farming activity where there is no reasonable expectation of profit OB. Both regular farm losses and restricted farm losses can be carried back three years, but regular farm losses can carry forward indefinitely, whereas restricted farm losses can be carried forward only twenty years OC. In the carry over period, regular farm losses can be applied against any source of income, whereas restricted farm losses can only be applied to the extent of capital gains in the year. OD Full-time farmers can incur regular farm losses, whereas part-time farmers or taxpayers whose chief source of income for a taxation year is neither farming nor a combination of farming and another source of income will incur restricted farm losses.