[单选题]
Which one of the following statements is correct with regard to an individual taxpayer who has elected to amortize the premium on a bond that yields taxable interest?
A .The amortization is treated as an itemized deduction.
B .The bond's basis is reduced by the amortization.
C .The amortization is not treated as a reduction of taxable income.
D .The bond's basis is increased by the amortization.
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