Xbox Gamertag Question

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You can have your account downloaded on multiple Xbox consoles at once and either console will get all of the Gold benefits, but you can't access Xbox Live from them simultaneously.

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You can share the same Gold account but you would need to give your child another gamertag.

An you can play games on the same account at the same time too.

Log into your account on their Xbox and set it as Home
Log into their account on your Xbox and set it as Home

Delete your Profile from their Xbox and their Profile from yours if you dont want your kids to be able to purchase on your account.

Anything you buy including Games, DLC, Gold, Games with Gold, Game Pass and EA Vault will be shared between both Consoles.

Yes, you can both be Online and even playing the same game.

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One of my kids uses my X1 to play fortnite and of course he has skins, v bucks etc. Do you know if all that stuff will transfer over to the new gamer tag under my gold account?

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I'm not sure. The Gold account and digital library is shareable but as far as micro transaction IDK. The way I suggested is not he standard way of doing it according to Microsoft but it allows them to download things on Gamepass without me having to sign in to their system as the "Home system" I guess you could let him just play on your profile and you could set up another gamertag to play when he is on .