Problem with two 1098 forms in TurboTax due to refinance in 2021

[Alice Bruce]

I have two 1098 forms this year, one from original mortgage in 2015 and the other from refinanced mortgage in 2021. If I followed the EasyStep instructions in TurboTax to enter both forms, I only get mortgage interest deduction up to $750k of the loan because of the new loan from refinance in 2021. But I believe I should have mortgage interest deduction up to 1M of the loan since the original loan started in 2015 and this new loan is just refinanced mortgage.

I'm probably ok for this year if I combine those two 1098 forms by following the "TurboTax Help" instructions at
https://ttlc.intuit.com/community/loans/help/what-do-i-do-if-i-have-multiple-1098s-from-refinancing-...
But what can I do next year if there is only one 1098 form from the refinanced mortgage? How can I enter the original loan started in 2015 and show that my mortgage interest deduction can go up to 1M loan again?

Does anyone have ideas? Maybe I misunderstand something.  

[RaifH · Accepted solution]

Once you enter both loans, TurboTax asks some follow-up questions if you click Done in the Home loan deduction summary screen. It will ask Do either of these apply to your loan? Since you originally acquired the home prior to December 15, 2017 and did not take cash out, you would answer Yes. This will apply the $1 million limit to your mortgage interest, rather than the $750,000 that is applied to homes purchased after that date.

I imagine next year there will be a similar question, but it is strangely placed in that you have to go through all the screens in the mortgage section before getting to it. 

[Alice Bruce]

Thanks, RaifH. I tried that and can now get the same interest deduction as that from merging two forms.

Btw, I copied below first three follow-up questions and marked the answers in red color.

Q1: Do either of these apply to this loan from [bank from first 1098]? - YES

- Original debt occurred before 12/15/2017 and debt amount has not increased since origination with any refinances. (home purchase before 12/15/2017 and no cash out refinanced)

- Home purchase started on or before 12/15/2017 with closing finalized before 04/01/2018 with no additional debt being taken on since 04/01/2018

Q2: When did you buy the home with the loan from [bank from second 1098]?
Purchase date of home: [origination date of original loan]

Q3: Do either of these apply to this loan from [bank from second 1098]? -YES

- Original debt occurred before 12/15/2017 and debt amount has not increased since origination with any refinances. (home purchase before 12/15/2017 and no cash out refinanced)

- Home purchase started on or before 12/15/2017 with closing finalized before 04/01/2018 with no additional debt being taken on since 04/01/2018