George recently recelved a great stock up from his friend. Mason. George didn't have any cash on hand to invest, so he decided to take out a $34,000 loan to facilitate the stock acquisition. The loan terms are 8 percent interest with interest-only payments due each year for five years. At the end of the five-year period the entire loan piincipal is due. When George closed on the loan on Aprill, 2022. he decided to invest $23,800 in stock and to use the remaining $10,200 to purchase a four-wheel recreation vehicle. George is unsare how he will treat the interest pald on the $34.000 loan. in 2022 . George pald $2.040 interest expense on the loan. (Hint: Visit battesslhmmirs gexl and consider IRS Publication 550.) What amount may he deduct as interest in 2022