Set Instant Pot to the sauté function.
Add 2 tbsp olive oil to Instant Pot. When olive oil becomes fragrant, add onions, garlic, and bell peppers. Sauté for 2-3 minutes or until garlic is fragrant and onions are translucent. Stir occasionally.
Add turkey and cook until no longer pink. Break apart into small pieces as it cooks. Turn Instant Pot off.
Add all other ingredients to the Instant Pot. Mix everything to combine.
Close and lock the Instant Pot lid. Make sure the vent is closed.
Manually set Instant Pot to high pressure and set timer for 8 minutes.
When timer goes off, carefully release the steam quickly. You can use a pot holder or silicone glove to avoid burns. Always keep your face away from the steam release valve.
You will know the quick release is complete when you see/heat the float valve (metal pin) drop down. Once that has happened it is safe to open the Instant Pot.
Serve warm with additional add-ons of choice.