1. 2. Which of the following is not an example of income in an estate? a. Business profits. b. Gain or loss on disposition or transfer of estate principal. c. Rents collected or accrued. d. Interest on monies lent. When determining a decedent's gross estate for federal tax purposes, which of the following items would not be included? a. fair market value of real property b. fair market value of intangible property c. fair market value of property left to a surviving spouse d. all of the above items would be included in the gross estate