Are you using online TurboTax?
When you use Online TurboTax, you get one return per fee. Each return needs its own account and user ID. If you use the same account and user ID for a second return, you overwrite the first one and lose it forever.
https://turbotax.intuit.com/personal-taxes/online/
Or are you using the desktop download?
When you use Desktop TurboTax, which you install from a CD or download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software. You can e-file up to 5 Federal returns—more if you mail the additional ones. If you have multiple returns to prepare for family members, Desktop is more cost effective.
If you have the desktop download software, open your program from your own hard drive and go up to the tool bar. Click the word "File" and then New Tax Return" to start a return for your parents.