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Hunter Biden says federal prosecutors are investigating his taxes

Federal prosecutors are investigating Hunter Biden's "tax affairs," according to a statement released by the president-elect's son through the Biden-Harris transition team. Mr. Biden's son said he learned about the probe, led by the U.S. Attorney's Office in Delaware, on Tuesday.

"I learned yesterday for the first time that the U.S. Attorney's Office in Delaware advised my legal counsel, also yesterday, that they are investigating my tax affairs," Hunter Biden, 50, said in a statement. "I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors."

An unnamed statement "from the Biden-Harris transition" accompanying Hunter Biden's comments said the president-elect "is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger."

The Justice Department declined to comment.

Clare Hymes contributed reporting.