Yes, TurboTax can handle the escrow payouts. When there's an actual "escrow" amount involved in a stock sale the IRS's guidance is that you include that escrowed amount as part of your proceeds in the year of the sale. Although the 1099-B may make some distinction between "initial proceeds" and "escrowed proceeds", you don't really have two separate transactions, you have one sale with a small amount of time between the receipt of the money.
Report one sale using the first date, combine the two proceeds amounts, and enter the correct basis for your sale.
Here's detailed info on Sale of Private Company Stock.
Or, if the sale resulted in a gain, and you will have proceeds in the future, you could report it as an 'Installment Sale'. Here's more info on Reporting Privately Held Stock as an Installment Sale.
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