As customary, Jayden gave Olivia a ring when she agreed to marry him. The ring is a family heirloom valued at $67,000. What is the amount of the taxable gift?
A. $54,000
B. Zero - The marital deduction offsets the gift as long as Jayden and Olivia are married by year-end.
C. Zero - This transfer is not gratuitous.
D. $67,000