When you receive an email, you receive more than just the message. The email comes with headers that carry important information that can tell where the email was sent from and possibly who sent it. For that, you would need to find the IP address of the sender. The tutorial below can help you find the IP address of the sender. Note that this will not work if the sender uses anonymous proxy servers.
Finding IP address in Hotmail
1. Log into your Hotmail account with your username and password.
2. Click on the Mail tab on the top.
3. Open the mail.
4. If you do not see the headers above the mail message, your headers are not displayed. To display the headers,
* Click on Options on the top-right corner
* In the Mail Options page, click on Mail Display Settings
* In Message Headers, make sure Advanced option is checked
* Click on Ok button
* Go back to the mails and open that mail.

5. If you find a header with X-Originating-IP: followed by an IP address, that is the sender's IP addressHotmail headers : name ,In this case the IP address of the sender is [68.34.60.59]. Jump to step 9.
6. If you find a header with Received: from followed by a Gmail proxy like thisHotmail headers : nameLook for Received: from followed by IP address within square brackets[].In this case, the IP address of the sender is [69.140.7.58]. Jump to step 9.
7. Or else if you have headers like thisHotmail headers : nameLook for Received: from followed by IP address within square brackets[].In this case, the IP address of the sender is [61.83.145.129] (Spam mail). Jump to step 9.
8. * If you have multiple Received: from headers, eliminate the ones that have proxy.anyknownserver.com.
9. Track the IP address of the sender