Get your taxes done using TurboTax

To confirm, downloading TurboTax online using the license key code is not the same as using TurboTax Online, which will store any tax returns online? Using the license key code and downloading TurboTax *plus any updates* will only install the TurboTax program on my computer and my tax return will reside only on my computer and will not be uploaded online with Intuit/TurboTax?