Do you have to file taxes w/o expenses (besides construction loan) and home sale?

[Jamie Todd]

I created a joint venture with a builder and another investor to build and sell a spec house.  Through a construction loan we acquired a property/lot, scraped the current house, and initiated building a spec house in 2022.  As part of the construction loan the investors paid the 20% down payment on the loan in 2022.  The building will be completed and sold in 2023.  Do we need to complete any type of tax filing for 2022 seeing we did not incur any out-of-pocket expenses (not counting the 20% down payment investment) and have received no income?  All loan closing fees, carrying costs, etc. are wrapped into the loan and will be paid once the property sells in 2023.

Does the answer change if an LLC Partnership was created with the builder and investor for the mere purpose of limiting the liability as part of the construction process?

Ideally, we don't want to have to file taxes for 2022, and would like for all expenses (paying off the loan) to go against the sale of the house in 2023.

Thanks!