In the Rental section, enter the % of the total amount of Mortgage Interest reported on the 1.1M loan that was used to finance the home. You don't have to enter a Loan Balance in this section.
Based on the date you indicate you started using the property as a Rental, TurboTax will calculate the amount of Mortgage Interest to move to Schedule A, Itemized Deductions for you.
Since your 1.1M loan was not closed prior to December 16, 2017, and the amount was more than the 800K loan it replaced, you will be limited to Mortgage Interest up to 750K.
Here's more info:
https://ttlc.intuit.com/replies/6012857
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