Filling out 1256: Section A - Losses From Straddles

[TaxReporter001]

I've traded with Oanda and I have some losses. I started to fill out 1256 in TurboTax, in "Section A - Losses From Straddles". I'm having trouble filling out this section:TurboTax

The Oanda report shows the below

Instrument	Price	Units	Direction	Spread Cost	Stop Loss	Take Profit	Trailing Stop	Financing	Funding Rate	Commission	Conversion Rate	Conversion Fee	P/L	Amount	Balance
USD/NOK	8.7425	4483	Buy	0.7642				0		0		0	0		1000
USD/NOK								-0.1216	-0.0099
USD/NOK	8.68995	4483	Sell	1.3022				0		0	0.1156	-0.12	-27.2373		972.64

The leverage on this pair is 14.3:1.

I don't get what values should I report to  to get to the $27.2373 loss at the end of the transaction. Can someone clarify this?

Update:

The math should something like this: 8.7425 x 4483 = 39,192.6275 was the total value in NOK of my buy, then I sold it for 8.68995, which had a value of 38,957.04585, so my losses were 235.58165 NOK. Given the 8.68995 rate at the time of sale I'd have 235.58165/8.68995 = [phone number removed]7891 USD loss + 0.12 Conversion Fee, which is ~27.23, however I couldn't get to the exact numbers, I'm sure the Financing and conversion rate comes in somewhere.

Nevertheless, I read a bit more on the tax topic, this article helped a lot: How FOREX Trades Are Taxed (investopedia.com), according to some forum posts and given the above article I should be reporting my losses under Section 988, which is a lot simpler.

[fanfare]

is your transaction a straddle or a leg of a straddle ?

did you get a 1099-B from Oanda with gain/loss on line 11 ?

[TaxReporter001]

I think it would be a straddle, it's a currency pair sold with a leverage of 14.3 and these two transactions concluded my trade.

No, unfortunately Oanda does not provide 1099-B, just a transaction history sheet and a summarized view per currency pair with net gains/losses.

For last year I have just a few transactions, but it's going to be a hustle to transcribe each if I make more trades this year :(.