Cashout Refinance in late December 2021

Hello,

 

I apologize in advance for the long question, but I want to be as detailed as possible.

 

On 27-Dec-21, I refinanced my mortgage (cash-out refi).  I received the two 1098 forms, for my original and new mortgage.  There is an amount for Mortgage Interest (Box 1) for my original mortgage only...Box 1 for my new mortgage is Blank.

 

This is the same for the Real Estate Taxes Paid as well...there is only an amount for my original mortgage.

 

No points were involved for either mortgage and both mortgages are under $300,000.

 

Box 2 (Outstanding Mortgage Principal) is of course different for each of the mortgages, as is Box 3 (Mortgage Origination Date). 

 

So far, all of this is pretty straightforward for me, with the only difference being that my new mortgage has a small amount in Box 4 (Refund of Overpaid Interest).

 

However, afterview answering the TurboTax questions under Mortgage Interest & Refinance in Deductions & Credits, at no time does it ask about the Box 4 information and after answering all of the questions, TurboTax is not using my Mortgage Interest Deduction, as in previous years, but is stating that the Standard Deduction is preferable.  I find this highly suspect and I'm wondering if I did not correctly enter all of the information and answer the questions.

 

Can someone walk me through the "Mortgage Interest & Refinance" questions please?  (FYI...I use TurboTax Online)

 

Thanks!