2006 is my first year trading forex and I'm using the TurboTax for my tax return. I have a loss of $7K on forex and $2K on interest expense. I answered all the questions under the section of contract and straddles IRC 1256 but when I finished only a loss of $3K was reported on line 13 of form 1040 and a schedule D and form 6781 are generated. It this correct? Under TT, it didn’t ask me to elect 988 or not. As you always said, loss and gain should goes on line 21 (my case should all $7K report on line 21?). Can anyone tell me what I did wrong here?

Please help.
Thanks