I rarely use my Hotmail anymore since I made the switch to Gmail but....here is the forward panel on my Hotmail account;


Forwarding
You can forward your mail to one other e-mail address that ends in hotmail.com, msn.com, live.com, or custom domains.

Important note: Please sign in at least once every 120 days so that your account doesn't get deleted. (In order to help fight junk, we delete inactive accounts.)
Don't forward
Forward your mail to another e-mail address
Type the e-mail address you want to forward the mail to:

Example:

Note: Forwarded messages are deleted from Windows Live Hotmail.