Your number is valid but self-employment tax is not generated on a negative number. A loss on IRS Schedule SE line 18 will not generate self-employment tax. It is self-employment tax that may be deferred.
The self-employment tax deferral is an optional benefit. It is also a deferral rather than forgiveness, so those amounts will eventually need to be repaid. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
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