No Self Employment Tax Deduction With Capital Losses?

[tslastonk]

I have a net loss on my short-term stock sales for 2020 and have no long-term sales. From what I understand it should be tax-deductible since it was not a wash sale. However, it does not seem to reduce my tax due from self-employment tax (standard deduction brings my regular federal income tax other than SE tax to 0). So is capital loss not deductible for self-employment tax?

[rjs]

That's right. A capital loss can reduce income tax. It does not reduce self-employment tax.

[tslastonk]

Thanks for clarifying.