Could i get in trouble for this?

Go to the police and explain the situation. They are not going to charge you when you just thought you were holding on to something for a friend. You risk getting in trouble when you know that it is stolen and continue to keep it and not turn it in. The cases where you read about people being charged with possesion of stolen equiptment is because they knew it was stolen and instead of going to authorities, they chose to keep it anyways. Yours is a case where a friend gave you something, and when you began to question the situation, you came forward. You won't get in trouble for that.

You could keep quiet about it. But what happens if you decide to sell the musical equipment and then you find out it's stolen merchandise? You'll be in a whole lot more trouble. Go to the police and explain the situation.

Probably not if u explain to them ur situation ... Also contact the guy and ask him to take his instrument or ur reporting it stolen

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uh...you are reporting it. Pretty much means you aren't going to get into trouble if it IS stolen

Why would you want to incriminate yourself, you could cause yourself a whole lot of trouble.

explAIN TO THEM YOUR SITUATION AND HOPE FOR THE BEST