Rinse dry beans and pick through and discard any foreign object.
Place the beans in a large bowl, covering them with 3-4 inches of cold water. Let it sit overnight.
Set the instant pot to the high saute setting and add oil. As soon as it starts to sizzle, add the sausage and cook while frequently stirring until the sausage is lightly browned- about 3-4 minutes. Remove and set aside.
Then add the onion, garlic, thyme, celery, bell pepper, and cook, occasionally stirring until tender, about 3-4 minutes.
Return sausage to the pot together with soaked red beans, smoked turkey, creole seasoning, paprika, cayenne pepper, bay leaves, and broth or water; season with salt and pepper, to taste. Turn off saute setting.
Close the instant pot and shift your valve to " Sealing." Press the "Pressure Cook" button, ensuring the “High Pressure” setting is selected, and set the time for 35 minutes. Note: It takes about 10 minutes for the pot to “preheat” and come up to pressure before it starts cooking. (During cooking, avoid touching the metal part of the lid.)
When the timer runs out, let the pot sit untouched for 20 minutes (20 minutes natural release). Then manually release the remaining pressure by turning the steam release knob to venting.
As soon as the pin drops down, you can open the lid.
Check beans to make sure the beans are cooked to desired doneness. If not, close the lid and cook for an additional 5 minutes (with a 10-minute natural release). Discard bay leaves.
Serve with rice and garnish with green onions.