Q: Can two different Apple ID's share itunes content? if so , how do i set this up?

Hello mqg13,

Thanks for using Apple Support Communities.

How do you mean "share iTunes content?" You are able to purchase and download from one Apple ID on multiple devices, simply follow the steps in the article below:

iTunes Store: Associating a device or computer to your Apple ID

http://support.apple.com/kb/HT4627

Take care,

Alex H.