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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. Microsoft Forms initially belong to the individual creator's account, meaning only they manage the responses. To transfer ownership, the user must click on the three-dot menu of the form and select the "move" option. This action allows the user to choose a destination from a list of available Microsoft 365 groups within their tenant, enabling collaborative management of the form and its responses.