Aaron is being audited for a hobby loss deduction related to a fantasy football league he owns and manages. The IRS has determined this is a hobby because of the 5+ continuous years of losses. How much of the expenses will the IRS allow Aaron to deduct on his tax return? 

A Expenses in an amount equal to the revenue. 

B None. 

C Expenses equal to 50% of the revenue. 

D All of the expenses for the year under audit, but none in future years