TurboTax recognizes a $2,000 traditional IRA contribution through the entry of the original $2,000 Roth IRA contribution and the user indicates that $2,000 was "switched" (recharacterized) to be a traditional IRA contribution instead. This also causes TurboTax to prompt for the entry of the explanation statement required for the recharacterization. Entering the code-N Form 1099-R contributes nothing to the tax return other than producing a corresponding increase in the amount on Form 1099-R line 4a.
