Yes, if you claimed your child as a dependent and later that child files a return saying they aren't a dependent, it'll be rejected because they were already claimed as dependent on another return.
If you agree that your child isn't your dependent, you can amend your return and take them off as a dependent, but that won't resolve the child's rejected return.
They aren't going to be able to e-file this year unless they indicate they are a dependent, even if you amend your return.
Your child can indicate that they are a dependent, e-file the return and then amend it later, or they can file without showing they are a dependent by printing, signing, and mailing in the return.
Here's how to file an amended return in TurboTax Online: