No - For an S-Corp return (1120S) you will need TurboTax Business. You can visit the following link to purchase the program: TurboTax Business.
TurboTax will take you through an interview to prepare the business return, similar to the personal (1040) products. As part of preparing the 1120S return, TurboTax will prepare K-1 forms for each shareholder. You will need to enter the information from the K-1 into your personal 1040 return.
