Hi,
I am a citizen of India and came to US in April 2011 with spouse & kid.
Understood that I ve to file as resident and gng with married filing jointly.
My question is:
I did mostly intraday trading in stocks and options in India spanning from Jan-Dec 2011.
I have around 400,000 INR loss equivalent to around 8000$.
1) How should I report this in Federal filing. Have around 5000 records in excel sheet.
2) Since these are intraday transactions might have same stocks bought/sold within 31 days. Is Wash sales apply for me?
3) I have 2 brokerage accounts. So I tried consolidated these transactions and got to a total capital loss incurred. So is it fine to sum up all these group by brokerage account and mention it in Schedule D.
So in this case 2 records in short term loss and attach the transactions in separate sheet.
I am confused over here. Request to please guide me.

If you file resident tax return, you must report your foreign capital gain or loss from trading. Yes, wash sales does apply. About how you should handle so many transcations, my knowledge is limited.
Also you should be aware of forms TD F 90-22.1 (also known as FBAR) and 8938 Specified foreign financial assets (SFFA). Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income (http://taxipay.blogspot.com/2008/03/us-citizen-or-resident-with-foreign.html)