This year, I suffered huge loss in trading options. As you know, call and put stock options are based on stock and trade like stocks, but are not exactly stock. Not sure if I should be able to show these losses as capital loss in schedule D. Beauty is my online broker will NOT report these in my 1099-B. What will be the proof for IRS? Just the monthly statements from the broker?

Also though at different points in time I traded options with different symbols (different months and different strike prices), most of them are based on the same underlying stock. Will the rules for wash sale apply in this case? Thanks in advance for the answers from the experts out there.

Just one more thing to add - I never wrote any options. I bought and sold call and put options and incurred all the losses. Also none of the options had been left to expire worthless.

Options are equity trades that must be reported on Schedule D.

They will be considered short-term capital losses, which can offset any capital gains, but offsets against other income will be limited to $3,000 per year.

You really should get professional tax help to prepare your return.