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6. Jayden gave Olivia a ring when she agreed to marry him. The ring is a family heirloom valued at $67,000. What os the amount

6. Jayden gave Olivia a ring when she agreed to marry him. The ring is a family heirloom valued at $67,000. What os the amount of the taxable gift?

Multiple Choice

A. Zero- the marital deduction offsets the gift as long as Jayden and Olivia are married by year end.

B. $53,000

C. $67,000

D. Zero - this transfer is not gratuitous.

E. None of the choices are correct.

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