I live in Mississippi and made a Roth conversion in 2023. I am retired (Federal LEO) but am not 59.5. I know I have to pay taxes on the federal side for the Roth conversion. When I try to determine whether Mississippi taxes IRA conversions, I see the following language frequently appear from Google searches….”Mississippi exempts all forms of retirement income from taxation, including Social Security benefits, income from an IRA, income from a 401(k) and any pension income.”

I went onto the Mississippi Department of Revenue website for an official answer and cut and paste below what I believe to be the relevant sections. I think I am allowed to make the conversion without paying Mississippi taxes based on sections 100, 101, and 102 below but I am not positive. Can someone with more knowledge advise me as to whether or not I should be paying Mississippi taxes on a Roth conversion?

Thank you!
nec

Chapter 07 Income from Retirement Allowances, Pensions, Annuities or Optional
Retirement Allowances
100 Amounts received as retirement allowances, pensions, annuities or optional retirement
allowances from any Federal, State, and Private retirement system or plan are exempt from
State Income Tax.
101 Optional retirement allowances include all income from Keogh Plans, Individual
Retirement Accounts (IRA’S), and other similar tax deferred plans.
102 Optional retirement allowances also include income from deferred compensation plans to
the extent these plans are tax deferred under federal income tax law and the recipient is
qualified to receive other retirement income based on minimum age, years of service, or
other criteria at the time of receipt of the deferred compensation.
103 Amounts received as a distribution under a Roth Individual Retirement Account shall be
treated in the same manner as provided under the Internal Revenue Code of 1986, as
amended.
104 Early distributions from retirement plans do not qualify for this exemption. Although these
amounts are subject to state income tax, there is no early withdrawal penalty for state
purposes. In addition, the terms “retirement allowances, pensions, annuities or optional
retirement allowances” do not include income from investments in stocks, bonds,
intangible securities, real properties, or tangible properties.
105 The above exemption from income tax extends to the spouse or other beneficiary upon the
death of the primary retiree.