Well, if you're under maintenance calories and/or eating less carbs than you burn/store NO protein will be converted to fat...it will be converted to glucose via gluconeogenesis and used as energy or stored as glycogen. Now, if glucose requirements are met, calorie needs are met, and muscle repair requirement are met, and you eat additional protein then it will be stored as fat, and only then. Protein is also more energy costly just to digest, which gives it a thermogenic effecty hence promoting fat burning, and also serves to keep insulin levels in check further promoting fat loss. Protein should always be your highest macro when dieting.