Final answer:
The holding period for property acquired from a decedent is considered long-term, which is true. Acquisition of land was a primary motivator in early U.S. Indian policy, also true. Southern redeemers did not wish to preserve Republican rule, false, and the Louisiana Purchase doubled U.S. territory, true.
Step-by-step explanation:
The holding period of property acquired from a decedent is indeed deemed to be long-term. This is true. In taxation matters, when someone inherits property, the IRS considers the holding period to automatically be long-term, regardless of how long the decedent owned the property before passing it on through inheritance. This classification affects how gains from the sale of the property are taxed, with long-term gains generally being subject to more favorable tax rates than short-term gains.
Acquisition of Land in Early U.S. Indian Policy
The statement that the acquisition of land was the most important motivating factor in the formulation of early U.S. Indian policy is also true. The desire for more land to promote economic growth and settlement was a key driver behind the various treaties, laws, and policies that the U.S. government enacted concerning Native American tribes.
Other Historical Facts
Regarding the claim that Southern redeemers hoped to preserve Republican rule in the South, this is false. Southern redeemers wanted to end Reconstruction, restore white supremacy, and oust the Republicans from power. Additionally, the Louisiana Purchase did indeed double the territory of the United States, making that statement true.