State whether the items are included in or excluded from the gross estate of the decedent. Select from the option list provided the correct answer to each item below. Each choice may be used once, more than once, or not at all.

Item	Answer
1. Sharon owned stock in XYZ Corporation for 2 years. Sharon died on November 30, 2020. The corporation declared, but did not pay, a dividend on November 28, 2020. The dividends are _____.
2. Lisa knew she had 3 years to live. Two years before she passed, she gave her sister her car. It was considered a gift at the time. The car is _____.
3. Susie and Bob are married and hold land as an elective share. Bob died in the current year. The land is _____.
4. Sarah owned municipal bonds for 5 years. The interest from these bonds is tax-exempt. The bonds are _____.
5. Larry's estate received life insurance proceeds from his death. The insurance proceeds were payable to Larry's estate. However, at death, Larry did not have the right to terminate the policy or the right to change beneficiaries. The proceeds are _____.
6. Richard passed away in 2019. In 2020, his estate gifted a house to his sister. The house is _____.
7. Jackie transferred a house to her sister 2 years before her death. Even though she never used the power, Jackie retained the power to revoke the transfer at the time of her death. The house is _____.
8. Sebastian owned shares in ABC Corporation for 10 years. Sebastian died on April 15, 2020. On April 18, 2020, the corporation declared and paid a cash dividend to all its shareholders. The dividends are _____.