Heat a large heavy-bottomed pot over medium-high heat.
Once the pot is hot, add in the olive oil and then the ground turkey. Brown the ground turkey, breaking it up as it cooks.
Once the turkey has browned, add the diced onion, diced bell pepper, and minced garlic. Cook for 3-4 minutes until the onions and peppers start to become tender.
Add the salt, seasonings, and tomato paste to the pot and stir until well combined.
Next, add the canned tomatoes, black beans, green chilies, lime juice, chicken broth, and bay leaf. Stir until well combined and then bring the soup to a boil.
Once boiling, reduce the heat to a simmer. Let the soup simmer for 20-25 minutes covered.
After the soup has simmered, add in the corn and simmer for another few minutes until the corn is heated through.
Serve the soup with sour cream, shredded cheddar, and chopped cilantro. Enjoy!