Q: I plan to install a Windows 10 VM on my current Dell also running Windows 10 Pro. Do I need product key for the VM? How do I activate it?
A: No, you don’t. Quote from Microsoft:
Inherited Activation
Inherited Activation is a new feature available in Windows 10, version 1803 that allows Windows 10 virtual machines to inherit activation state from their Windows 10 host.
When a user with Windows 10 E3/E5 or A3/A5 license assigned creates a new Windows 10 virtual machine (VM) using a Windows 10 local host, the VM inherits the activation state from a host machine independent of whether user signs on with a local account or using an Azure Active Directory (AAD) account on a VM.
When install VM, just click on I don’t have a product key.