No, the CD purchase does not allow use of TurboTax Online. You will need to decide which one to use.
Be aware that the CD version is more fully-featured than the Online version. It does not have form limitations, and has the popular Forms Mode that the Online version does not have. Online Deluxe cannot prepare Schedules C,D,E,F, or enter K-1. In an Online product, Premier is required for Sched. D or E. In an Online product, only Home and Business can prepare Sched. C or F.
Depending on what you bought, your CD may also have an included state program. In the Online version, a state return is an extra 39.99. The Deluxe CD may or may not have a state program included; it comes in two versions--Federal-only, or Federal and State.
In the desktop version, one can prepare multiple Federal returns with 5 free Federal efiles. There is a 24.99 fee to efile a state return (free for New York.) There is no fee to print and mail the state returns.
The desktop Basic Edition does not include a state program and cannot import from ItsDeductible.
The Online version can only prepare 1 Federal return per account.
