Which of the following taxpayers is most likely to have income or loss from a passive activity?

A) Gerardo. He is a general partner in a financial planning business, and he manages the day-to-day operations of the business.

B) Holly. She is a full-time employee at a limited-liability law partnership.

C) Robert. He is a self-employed legal consultant, and he spent 500 hours during the current year doing legal work. He also owns rental property, and he spent 900 hours making repairs and management decisions relating to his rental property.

D) Judy. She has invested in a limited partnership that designs specialty t-shirts, but she does not actively participate in any business or management activities.