Please use the information below to complete for 709 for Jim and Sandy Perry.

Jim Perry (Social Security number 456-56-5656) and Sandy Perry (Social Security number 123-45-6789) live at 4278 Red Bud Avenue, Bart, OK, 74003. During 2012, they made the following gifts to their three adult children.

• A tract of undeveloped land (basis of $40,000, fair market value of $90,000) in Davie County to Rod Perry on February 1
• A condominium in Tulsa (basis of $70,000, fair market value of $100,000) to Paul Perry on April 10
• Cash of $60,000 to Lisa Perry on July 1
• Payment to the local university of $15,000 tuition on behalf of Lisa Perry on August 1