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The download desktop also allows up to 5 tax returns to be done.
There is not a $119 TurboTax desktop software CD/Download edition.
TurboTax desktop CD/Download editions - https://turbotax.intuit.com/personal-taxes/cd-download/
You are probably referring to the TurboTax Self-Employed online edition which is $119. The online editions can only be used for one tax return per account and User ID. To start another tax return using the online editions you would need to create a new account with a new User ID.
TurboTax online web-based editions - https://turbotax.intuit.com/personal-taxes/compare/online/
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