No, TurboTax does not calculate the value of your RMD's. Your Plan Administrator does that for you. The amount of the calculated RMD can be taken as a distribution by itself, or it can be added to an annual distribution amount, in which case the distribution amount reported in TurboTax would be labeled as 'all RMD' when entering a 1099-R.
The IRS also does not know what your RMD should be each year, so that amount is not reported anywhere on your tax return. It is assumed that your Plan Administrator calculated your RMD correctly and distributed it to you.
Here's more info on What is RMD? and IRS Requirements for RMD's.
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