Yes, TurboTax will handle that. You should have only received the one 1099-R and the code is correct considering the money went to you. After you enter the 1099-R (that link has instructions), you will be asked if the distribution represents your RMD to which you will answer YES, some or all of this was an RMD. Enter the gross amount of the RMD check you received when asked. This will satisfy your taxable RMD requirement.
On the next screen, you will asked what you did with the remaining money. You will indicate that you moved the money to another retirement account - and that you did a combination of rolling over, converting, or cashing out the money. Enter the amount of the check you deposited to inst#2. This will be less than the amount on Form 1099-R (it doesn't include your RMD). The summary screen and Line 4a of Form 1040 will show the gross distribution, but if you look at Line 4b, that will reflect only the taxable amount. The tax withheld from your RMD will be credited when you enter that amount from box 4 of your 1099-R.
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