Does capital loss offset self employment tax?

I have a capital loss from stock trades, and I do some transcription work and have 1099 income. The stock trade losses exceepd my 1099 income, but Turbotax is telling me I owe self employment tax. How can I get the trade losses to reduce or wipe out this self employment tax?

Does capital loss offset self employment tax?
You can use up to $3,000 in the losses to offset other income. It won't directly offset the self-employment taxes however, just the net income for income tax purposes.
Reply:The capital loss can only take your income tax to zero. Self employment tax is separate, and a capital loss can't offset the se tax you owe.

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