Undivided interest in the property includes the title to the real property held by two or more individuals. But the interest of each party in the property is not specified either in percentage or in description of a part of the property. Undivided interest is common among joint tenants, tenants in common and tenants by the entirety.
[b:f48904161e]Example:[/b:f48904161e] Samuel, George and Rodger jointly own and use a property in New Jersey. The proportion of their shares in the property is thus known as [b:f48904161e]Undivided interest[/b:f48904161e].
You can request for separate taxation of undivided interest in property, by using the Form given here.