No loss carry forward and self employment taxes

[User3050]

Hi there, I have one member LLC so I file my company taxes under my Schedule C, I had NOL last year of 300k, this year I have a gain of around 20k. I thought the NOL will offset that gain and I will have to pay no taxes, but I am still being charged self employment taxes and the return created a new NOL (300K-20K), how can I fix this? 

[TaxGuyBill]

It seems correct to me.

The NOL will offset income taxes, but does not offset Self Employment tax.  Sorry, that is the way it works.