diff --git a/sdk/identity/Azure.Identity/CHANGELOG.md b/sdk/identity/Azure.Identity/CHANGELOG.md
index 3221bbb48f0b9..3403f52ea7867 100644
--- a/sdk/identity/Azure.Identity/CHANGELOG.md
+++ b/sdk/identity/Azure.Identity/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.14.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.13.1 (2024-10-24)
 
 ### Bugs Fixed
diff --git a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
index a939fe69d08fa..9484924b8eed6 100644
--- a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
+++ b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <Description>This is the implementation of the Azure SDK Client Library for Azure Identity</Description>
     <AssemblyTitle>Microsoft Azure.Identity Component</AssemblyTitle>
-    <Version>1.13.1</Version>
+    <Version>1.14.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.13.0</ApiCompatVersion>
+    <ApiCompatVersion>1.13.1</ApiCompatVersion>
     <PackageTags>Microsoft Azure Identity;$(PackageCommonTags)</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <NoWarn>$(NoWarn);3021;AZC0011</NoWarn>