Under the new Tax Reform laws, you no longer receive an exemption for your dependents, however, there are other tax benefits you may be able to qualify for when listing your child on your tax return, such as the Child Tax Credit or the Dependent Care Credit. However, these credits are either disallowed or greatly reduced for parents who use Married Filing Separately as their filing status. Please see this article for more info: Is it better for a married couple to file jointly or ...
As for entering this into TurboTax to see if you are qualified for the credits, you will need to report that the child lived with the spouse who is reporting that child on their tax return for the whole year. Usually, the spouse with the higher income would benefit from claiming the child. You can also say that the child spent equal nights with both parents.
You can read our article titled: Should You and Your Spouse File Taxes Jointly or Separately? for more info.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
