If you've been shooting for a gram of protein per pound of body weight--or more--you're overdoing it. Your body won't be able to process those extra calories, and they'll ultimately end up as just one thing: fat.
A: Form 1098-T has been provided to assist in determining if you (or an individual who may claim you as a dependent) are eligible to claim a Hope Scholarship or Lifetime Learning Credit on the income tax return.: Yes. Your 1098-T will report any amount invoiced to your account from January 1 to December 31 of the tax year, not the amount paid. Box 7 will be checked on your form showing that your amount in Box 2 includes amounts for terms beginning in the first three months of the next year.
Box 1 on Form 1098-T shows the amount that was paid to the institution on the student's behalf. This amount includes any scholarships, grants, and loans that were paid for the student. Box 5 will show the amount of scholarships and grants that were processed by the institution. When calculating the amount of actual expenses paid by the student, subtract the amount listed in box 5 from the total in box 1.