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.
Also note that the information used in preparing Form 1098-T, related to tuition tax credits, is for billed tuition and scholarship and grant aid applied to your student account during calendar year 2015.n addition, specific scholarships or grants (e.g., health insurance grants) that are directed toward expenses other than tuition, fees, and books are subject to taxation. Other forms of financial aid â loans and student employment â are not covered by these provisions of the tax law.