Kiddie Tax Q

[Hoosier]

Got a client whose child had $2500 in interest income for 2008. This was the child's only income. Since the child's standard deduction is higher than the investment income is filing a tax return and form 8615 necessary? Already filed the parent's tax return last month and just found out about the child's interest income. Any advice or suggestions? Thanks.

[Lion]

Dependent

Dependent's standard deduction is the greater of $900 or earned income plus $300, up to regular standard deduction, per TTB. File a return w/kiddie tax and be happy he doesn't have siblings.