Pretty much. You have to provide a destination, and not just list the other state. You can use an address, GPS coordinates, an intersection, etc. Once you've crossed the state line, intrastate travel is ok.
A couple notes:
You can submit multiple (up to three) NFA items on a single form
You just submit a separate form for each state
You can request up to a full year of travel (and two dates that span a year, not just 1/1-12/31)
Cans/AOWs are exempt, but form is required for SBR/SBS/DD/MG
If your items are registered to an entity, list that entity in Section 1, not your name

