No. If you are younger than 59 1/2 there is a 10% early withdrawal penalty and ordinary income tax on the money you took out of the 401k. You will need to enter your 1099R and the software will calculate the tax.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.