Blown Turbo?

[4GSixty3]

The other day when I had put the oil in my car, I used a full 5 quart jug of it and after running the car at idle for 30 minutes and letting it cool down for another 30, I checked it. The dipstick had shown that I was a quart "low". I didn't think anything of it but tonight I was out putting some miles on my car since it is completely rebuilt with 50 miles on it as of now and I decided to stop and get a quart of oil. After putting it in, I drove probably 4 or 5 miles and got on it for like 3 or 4 seconds at which point it felt like I lost power and then all of a sudden tons of smoke came shooting out the exhaust and I mean ALOT. I pulled over into a parking lot and looked everything over.... Smoke coming through my air filter, took my oil cap off and a bunch of smoke coming from in there, etc...I had my friend start the car up after the smoke cleared pretty much and when he did, alot more smoke started coming from in between my 02 housing and exhaust b/c I dont have a gasket there right now. Now could it be that the dipstick isn't sticking in the whole way or something and what I was seeing on it was 5 quarts but at the low line? Does this sound like a blown oil seal on the turbo b/c of too much oil? If the dipstick was wrong, that means I had 6 quarts of oil in my car but like I said, it said I needed to add a quart so...

Extra note - took mass air off and intake tube off and saw oil laying inside of the compressor housing

 

[waiting2bl33d]

if its white smoke billowing then its oil. check for shaft play (stick finger on turbine and try to move back and forth) if it does then yes your turbo is most likly out just went through it and my car smoked like a mother also i couldn't build more than 5 psi so if you have a boost gauge try that if your turbo is blown and you stick w/ your intercooler then make sure to run paint thinner or gas threw it to clean out the chuncks of metal that just went through your IC

 

[4GSixty3]

Funny thing you say about building boost b/c I have a boost gauge and couldn't build more than like 5 or 6 lbs either. I didn't check for shaft play yet but when I looked in I saw my compressor wheel chewed up a little bit and the nut that holds the wheel on had backed off and was laying there. And yes a ton of white/grey smoke was pouring out when this happened.