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In this tutorial, Craig from SharePoint Maven explains how to transfer ownership of a Microsoft Form to a Microsoft 365 group. Initially, when a form is created, it is linked to the individual's account, meaning they alone can manage it and receive responses. To transfer ownership, users should click on the three dots next to the desired form and select the "Move" option. This allows the user to choose from a list of all Microsoft 365 groups within their tenant to designate a new ownership for the form, facilitating better collaboration and management.