In the current year, Louise makes the transfers described below to Lance, her husband, age 47. Assume 4% is the applicable interest rate. What is the amount of her marital deduction, if any, attributable to each transfer?

a. In February 2020, she gives him land valued at $45,000.

b. In March 2020, she gives him a 12-year income interest in a trust with a bank named as trustee. She names their daughter to receive the remainder interest. She funds the irrevocable trust with $400,000 in assets.