If you're using TurboTax Desktop, you can review the Mortgage Interest Worksheet after you have entered your 1098's in the interview.
For TurboTax Online, you will need to save a PDF copy of your return to your computer to review it.
In your case, the interest deduction on your second loan will be limited as the new limit is 750K.
Here's more detailed info on Deducting Mortgage Interest and Mortgage Interest FAQs.
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