Chadwick wanted to establish an education fund for his son, Jackson. He transferred $1,000$ shares into an inter vivos trust for Jackson with the provision that Jackson could receive title to the shares anytime after his $18$th birthday. When Chadwick purchased his shares, he paid $$15$ per share. When he established the trust, the shares were worth $$19\mathrm{.}50$ per share. What was the taxation effect of transferring the shares?

a$)$ Chadwick had to report $$2,250$ of capital gains.

b$)$ Chadwick had to report $$4,500$ of capital gains.

c$)$ Jackson had to report $$4,500$ of capital gains.

d$)$ No capital gains had to be reported.