I started a new contractor job this year but the costs were greater than the income leading to net negative self-employment income. Does this get counted vs other income?

The negative result from your self employment this year is deducted against your current year income.

It does not carry forward to future year self-employment, but rather reduces your current Adjusted Gross Income. 

It is possible to have negative income, but it does not carry forward to future years. 

Thank you so much! That is really helpful. In general, negative self-employment income can not be carried over? I am just trying to make sure it is best to have it deduct against my current AGI as opposed to self-employment income for the coming year.

Thanks!

Correct, negative self employment does not carry over

Thank you so much for your help!