All electrum addresses will be shown as a single account in ledger live. However, using ledger live it is not possible to manage single addresses since ledger live always uses all addresses from a single derivation path. If you have "tainted" coins you won't be able to manage them in ledger live...
In Germany it's no big deal since the Finanzamt (=IRS) and KFZ-Zulassungsstelle (where you register your car and get a license plate) don't communicate with each other *AT ALL*. Insurance companies don't talk to the Finanzamt either, however they might ask what your current job is, if the car is...
I have the ledger nano x and I'm pretty satisfied with it. However, I'm using it with electrum as a wallet frontend instead of ledger live, since I am pretty paranoid. When using ledger live you depend on ledger's servers, and therefore you need to trust them that they don't log your...
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