capital loss carryover

[bkbkbk]

What happens to capital loss carryover (tax credit) when one files bk... in particular ch7?

Is it transferred to the bk estate? Since a ch 7 usually closes within a few months of filing, does any portion of the carryover get transferred back to the bk filer? Or does the trustee somehow monetize the carryover from the IRS?

[whywhywhy]

Someone correct me if I'm wrong, because I'm no tax expert and I'm not sure if this applies under the new law, but, I think the IRS sets these rules, not the bankruptcy laws..anyway.. the way I understood it before, was that the capital loss carryover (among other tax items) would transfer to the estate. Any refund as a result, can go to them. The IRS treats it to the estate just as they would the debtor.