Leigh and Patrick are married, and they will file a joint federal income tax return. During the year, they made a gift of $250,000 of jointly owned property to Leigh's sister, Arlene. Both Leigh and Patrick are U.S. citizens. This was the only gift they made during the year.

Which of the following accurately describes the couple's gift tax reporting requirement?

A)The couple is not required to file a gift tax return.

B)Only Leigh is required to file a gift tax return.

C)Leigh and Patrick are each responsible for their own gift tax return. To achieve the most favorable tax outcome, they may elect to split the gift.

D)Leigh and Patrick must report this gift on a joint gift tax return. They may elect to split the gift on the joint return if this results in a more favorable tax outcome.