Book Sharing

My daughter and I both have Kindles. Is there any way we can share our books? From what I’ve read it sounds like one of us would have to register our Kindle under the others account so they are both on the same account together. Is that right? Then what happens if one of us de-registers their Kindle and puts it back under their own name. Do you lose all the books from the other account?I sure hope this makes sense. It’s hard to explain by typing.

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