diff --git a/packages/manager/.changeset/pr-12541-fixed-1753084680182.md b/packages/manager/.changeset/pr-12541-fixed-1753084680182.md
new file mode 100644
index 00000000000..f4c4c4d3f00
--- /dev/null
+++ b/packages/manager/.changeset/pr-12541-fixed-1753084680182.md
@@ -0,0 +1,5 @@
+---
+"@linode/manager": Fixed
+---
+
+Swap IPv4 Addresses amongst linodes in the same region ([#12541](https://github.com/linode/manager/pull/12541))
diff --git a/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.ts b/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.ts
deleted file mode 100644
index 81794f9cfcc..00000000000
--- a/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.ts
+++ /dev/null
@@ -1,38 +0,0 @@
-import { getLinodeIPv6Ranges } from './IPTransfer';
-
-describe('getLinodeIPv6Ranges', () => {
-  const ipv6Ranges = [
-    {
-      prefix: 64,
-      range: '2fff:db08:e003:1::',
-      region: 'us-east',
-      route_target: '2600:3c03::f03c:92ff:fe8d:5c0c',
-    },
-    {
-      prefix: 64,
-      range: '2fff:db08:e003:2::',
-      region: 'us-east',
-      route_target: '2600:3c03::f03c:92ff:fe8d:5c0d',
-    },
-    {
-      prefix: 56,
-      range: '2fff:db08:e003:3::',
-      region: 'us-east',
-      route_target: '2600:3c03::f03c:92ff:fe8d:5c0d',
-    },
-  ];
-
-  it('returns an array of ranges', () => {
-    expect(
-      getLinodeIPv6Ranges(ipv6Ranges, '2600:3c03::f03c:92ff:fe8d:5c0d/128')
-    ).toEqual(['2fff:db08:e003:2::/64', '2fff:db08:e003:3::/56']);
-  });
-
-  it('returns an empty array if at least one argument is undefined or null', () => {
-    expect(
-      getLinodeIPv6Ranges(undefined, '2600:3c03::f03c:92ff:fe8d:5b1b/128')
-    ).toEqual([]);
-    expect(getLinodeIPv6Ranges(ipv6Ranges, null)).toEqual([]);
-    expect(getLinodeIPv6Ranges(undefined, null)).toEqual([]);
-  });
-});
diff --git a/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.tsx b/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.tsx
new file mode 100644
index 00000000000..d05d4a5c5c8
--- /dev/null
+++ b/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.test.tsx
@@ -0,0 +1,134 @@
+import { linodeFactory, linodeIPFactory } from '@linode/utilities';
+import { screen, waitForElementToBeRemoved } from '@testing-library/react';
+import userEvent from '@testing-library/user-event';
+import * as React from 'react';
+
+import { makeResourcePage } from 'src/mocks/serverHandlers';
+import { http, HttpResponse, server } from 'src/mocks/testServer';
+import { renderWithTheme } from 'src/utilities/testHelpers';
+
+import { getLinodeIPv6Ranges, IPTransfer } from './IPTransfer';
+
+describe('getLinodeIPv6Ranges', () => {
+  const ipv6Ranges = [
+    {
+      prefix: 64,
+      range: '2fff:db08:e003:1::',
+      region: 'us-east',
+      route_target: '2600:3c03::f03c:92ff:fe8d:5c0c',
+    },
+    {
+      prefix: 64,
+      range: '2fff:db08:e003:2::',
+      region: 'us-east',
+      route_target: '2600:3c03::f03c:92ff:fe8d:5c0d',
+    },
+    {
+      prefix: 56,
+      range: '2fff:db08:e003:3::',
+      region: 'us-east',
+      route_target: '2600:3c03::f03c:92ff:fe8d:5c0d',
+    },
+  ];
+
+  it('returns an array of ranges', () => {
+    expect(
+      getLinodeIPv6Ranges(ipv6Ranges, '2600:3c03::f03c:92ff:fe8d:5c0d/128')
+    ).toEqual(['2fff:db08:e003:2::/64', '2fff:db08:e003:3::/56']);
+  });
+
+  it('returns an empty array if at least one argument is undefined or null', () => {
+    expect(
+      getLinodeIPv6Ranges(undefined, '2600:3c03::f03c:92ff:fe8d:5b1b/128')
+    ).toEqual([]);
+    expect(getLinodeIPv6Ranges(ipv6Ranges, null)).toEqual([]);
+    expect(getLinodeIPv6Ranges(undefined, null)).toEqual([]);
+  });
+
+  it('sets the default Linode and IP address when the "Swap With" action is selected.', async () => {
+    const [selectedLinode, destinationLinode] = linodeFactory.buildList(2, {
+      ipv6: null,
+    });
+    const mockLinodeIPs = linodeIPFactory.build({ ipv6: undefined });
+    server.use(
+      http.get('*/linode/instances', () => {
+        return HttpResponse.json(
+          makeResourcePage([selectedLinode, destinationLinode])
+        );
+      }),
+      http.get('*/linode/instances/:linodeId', () => {
+        return HttpResponse.json(selectedLinode);
+      }),
+      http.get('*/linode/instances/:linodeId/ips', () => {
+        return HttpResponse.json(mockLinodeIPs);
+      }),
+      http.get('*/networking/ipv6/ranges', () => {
+        return HttpResponse.json(makeResourcePage([]));
+      })
+    );
+
+    const {
+      getAllByTestId,
+      getByPlaceholderText,
+      findByText,
+      findByPlaceholderText,
+    } = renderWithTheme(
+      <IPTransfer linodeId={selectedLinode.id} onClose={vi.fn()} open />
+    );
+
+    await waitForElementToBeRemoved(getAllByTestId('circle-progress'));
+
+    const actionSelect = getByPlaceholderText('Select Action');
+    await userEvent.click(actionSelect);
+    await userEvent.click(await findByText('Swap With'));
+    expect(actionSelect).toHaveValue('Swap With');
+
+    const linodeInput = await findByPlaceholderText('Select Linode');
+    expect(linodeInput).toHaveValue(destinationLinode.label);
+
+    const IpInput = await screen.findByPlaceholderText('Select IP Address');
+    expect(IpInput).toHaveValue(destinationLinode.ipv4[0]);
+  });
+
+  it('sets the default Linode when the "Move To" action is selected.', async () => {
+    const [selectedLinode, destinationLinode] = linodeFactory.buildList(2, {
+      ipv6: null,
+    });
+    const mockLinodeIPs = linodeIPFactory.build({ ipv6: undefined });
+    server.use(
+      http.get('*/linode/instances', () => {
+        return HttpResponse.json(
+          makeResourcePage([selectedLinode, destinationLinode])
+        );
+      }),
+      http.get('*/linode/instances/:linodeId', () => {
+        return HttpResponse.json(selectedLinode);
+      }),
+      http.get('*/linode/instances/:linodeId/ips', () => {
+        return HttpResponse.json(mockLinodeIPs);
+      }),
+      http.get('*/networking/ipv6/ranges', () => {
+        return HttpResponse.json(makeResourcePage([]));
+      })
+    );
+
+    const {
+      getAllByTestId,
+      getByPlaceholderText,
+      findByText,
+      findByPlaceholderText,
+    } = renderWithTheme(
+      <IPTransfer linodeId={selectedLinode.id} onClose={vi.fn()} open />
+    );
+
+    await waitForElementToBeRemoved(getAllByTestId('circle-progress'));
+
+    const actionSelect = getByPlaceholderText('Select Action');
+    await userEvent.click(actionSelect);
+    await userEvent.click(await findByText('Move To'));
+    expect(actionSelect).toHaveValue('Move To');
+
+    const linodeInput = await findByPlaceholderText('Select Linode');
+    expect(linodeInput).toHaveValue(destinationLinode.label);
+  });
+});
diff --git a/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.tsx b/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.tsx
index 2fec9e6092d..6a868e60545 100644
--- a/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.tsx
+++ b/packages/manager/src/features/Linodes/LinodesDetail/LinodeNetworking/IPTransfer.tsx
@@ -172,6 +172,7 @@ export const IPTransfer = (props: Props) => {
             ...firstLinode.ipv4,
             ...linodeIPv6Ranges,
           ];
+          swapState['selectedLinodeID'] = firstLinode.id;
           break;
         /** When switching back to none, reset the ipState. */
 
@@ -247,6 +248,7 @@ export const IPTransfer = (props: Props) => {
     return (
       <Grid
         container
+        data-testid="ip-row"
         key={state.sourceIP}
         size={12}
         spacing={2}
@@ -371,6 +373,7 @@ export const IPTransfer = (props: Props) => {
           noMarginTop
           onChange={onSelectedIPChange(sourceIP)}
           options={IPList}
+          placeholder="Select IP Address"
           textFieldProps={{
             dataAttrs: {
               'data-qa-swap-ip-action-menu': true,