I have income as self employed and a loss from a LLC. It seems the Software does not deduct the loss from the income for calculating the self employment tax. Right?

I have income from a Tennis Teaching business and get a a 1099-MISC. On the other hand I am a partner in a LLC which suffered a loss in the same year. The software seems not to deduct the loss from the self-employment tax, just from the regular income tax. Is that ok?