Press "Saute" on your Instant Pot and allow it to heat up for a few minutes. Add the chopped bacon and cook until mostly browned (about 5 minutes).
Add the turkey and saute until cooked through. (about 3 minutes). Pro tip: ground turkey cooks insanely fast so watch it closely and stir often!
Add in the vegetable juice and deglaze (fancy term for "scrape") the bottom of the Instant Pot to remove any stuck on bits of bacon or turkey.
Add the remainder of the ingredients. Stir.
Lock the lid into place and set the steam release handle (valve on top) to "Sealing". Press Manual>High Pressure>5 minutes.
When the Instant Pot has finished cooking, it will beep and switch to ”keep warm". Allow it to sit with the lid on for 10 minutes and then do a manual release with the nozzle set to venting.
Unlock the Instant Pot lid, top your chili with toppings of choice, and enjoy!
Stovetop Instructions
In a heavy-bottomed saucepan cook the chopped bacon on medium heat. Cook until mostly browned.
Add the turkey and saute until cooked through.
Add the rest of the ingredients and cook with the lid on over low heat for 90 minutes, stirring occasionally
Notes
You may also sub in 2 cups of tomato sauce but the flavor profile will change.