Yes, BUT

You will still need to mess with formatting. Bitmaps are buggy. Some fonts may not work with Lacerte. 

Open the default letter > Highlight verbage portion (you probably should keep the Dear, line and everything above > Press delete > Go to word and use Ctrl + A and Ctrl + C to copy > return to the default letter and use Ctrl +Z to paste > Edit a bit > Save As your description for Purpose 1. REPEAT

Good luck. There is an update expected later this week to correct some issues with the letter, so I would wait for the update before spending too much time. I print a few to pdf to see how they look before I begin wasting paper.