My brother and i formed a llc together. we dont have any proffits or loss, how do we file our taxes for it?

[21smithll]

we live in the state of PA and each own 50% of the company.

[Carl]

I assume this is a multi-member LLC that did not elect to be treated as an S-Corp or C-Corp for tax purposes. If that assumption is correct, were you officially "open for business" on or before Dec 31 of the tax year 2023?

[21smithll]

No, it’s an online store and the only “business” we did so far we me testing the transaction system. 

[Carl]

Then you have nothing to report on your 2023 tax return. Also, my screen shows you are using the free version of TTX online. Note that for your multi-member LLC you have to use TurboTax Business to complete and file the 1065 Partnership/multimember LLC return. But you won't have to deal with that until you file your 2024 tax return next year; assuming you are actually open for business at some time in 2024.

[ee-ea]

You might have a state fee to pay.

https://www.llcuniversity.com/llc-annual-fees-by-state/