Hi, I work at a company (thats not public) and was given incentive stocks. I have held these for about 10 years. Now that I am leaving the company, I need to exercise them (i.e. buy them).
I am now being told that along with paying for the stocks, I need to pay tax on the gains (which is quite a bit). I was completely unaware about this (I know. naive).
Is that right? Do I really have to pay tax on gains when I haven't even made any money?
Are there any ways around this?
p.s. I live in Germany.
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