Mason, George's friend, recently gave him a terrific stock idea. George opted to take out a $20,000 loan to make the stock purchase possible because he didn't have any cash on hand to invest. The loan has a five-year duration, an 8% interest rate, and annual interest-only payments. The entire loan principal is payable at the conclusion of the five-year period. George made the decision to invest $16,000 in stock and spend the remaining $4,000 to buy a four-wheel recreational vehicle when the loan closed on April 1, 2022. George is unsure about how he will handle the $20k loan's interest payments. George paid $1,200 in interest on the loan in 2022. How should he approach the 2022 for taxes?