Not if you are using the Online version. If you use the Online version, you can prepare one return (Federal & State) per UserID. To prepare another return you would need to create a new account (UserID). If you use the same UserID to prepare another return, the second return would overwrite the first one.
How do I start another return in TurboTax Online?------------------------------------
If you use the Desktop version (CD/Download), you can prepare unlimited returns. You receive 5 Free Federal e-files, after the 5 the returns must be mailed. There is a charge to e-file a State return. Deluxe and above include one Free State program.
