diff --git a/src/Microsoft.OpenApi/Models/OpenApiDocument.cs b/src/Microsoft.OpenApi/Models/OpenApiDocument.cs
index 1ce80f092..047062874 100644
--- a/src/Microsoft.OpenApi/Models/OpenApiDocument.cs
+++ b/src/Microsoft.OpenApi/Models/OpenApiDocument.cs
@@ -283,7 +283,7 @@ public void SerializeAsV2(IOpenApiWriter writer)
                 {
                     foreach (var requestBody in Components.RequestBodies.Where(b => !parameters.ContainsKey(b.Key)))
                     {
-                        parameters.Add(requestBody.Key, requestBody.Value.ConvertToBodyParameter());
+                        parameters.Add(requestBody.Key, requestBody.Value.ConvertToBodyParameter(writer));
                     }
                 }
                 writer.WriteOptionalMap(
diff --git a/src/Microsoft.OpenApi/Models/OpenApiOperation.cs b/src/Microsoft.OpenApi/Models/OpenApiOperation.cs
index efd586e80..7e3b5d712 100644
--- a/src/Microsoft.OpenApi/Models/OpenApiOperation.cs
+++ b/src/Microsoft.OpenApi/Models/OpenApiOperation.cs
@@ -212,7 +212,7 @@ private void SerializeInternal(IOpenApiWriter writer, OpenApiSpecVersion version
         /// </summary>
         public void SerializeAsV2(IOpenApiWriter writer)
         {
-            Utils.CheckArgumentNull(writer);;
+            Utils.CheckArgumentNull(writer);
 
             writer.WriteStartObject();
 
@@ -258,7 +258,7 @@ public void SerializeAsV2(IOpenApiWriter writer)
                     }
                     else
                     {
-                        parameters.Add(RequestBody.ConvertToBodyParameter());
+                        parameters.Add(RequestBody.ConvertToBodyParameter(writer));
                     }
                 }
                 else if (RequestBody.Reference != null && RequestBody.Reference.HostDocument is {} hostDocument)
diff --git a/src/Microsoft.OpenApi/Models/OpenApiRequestBody.cs b/src/Microsoft.OpenApi/Models/OpenApiRequestBody.cs
index 037e7d92c..0fb16471f 100644
--- a/src/Microsoft.OpenApi/Models/OpenApiRequestBody.cs
+++ b/src/Microsoft.OpenApi/Models/OpenApiRequestBody.cs
@@ -112,7 +112,7 @@ public void SerializeAsV2(IOpenApiWriter writer)
             // RequestBody object does not exist in V2.
         }
 
-        internal OpenApiBodyParameter ConvertToBodyParameter()
+        internal virtual OpenApiParameter ConvertToBodyParameter(IOpenApiWriter writer)
         {
             var bodyParameter = new OpenApiBodyParameter
             {
diff --git a/src/Microsoft.OpenApi/Models/References/OpenApiRequestBodyReference.cs b/src/Microsoft.OpenApi/Models/References/OpenApiRequestBodyReference.cs
index 598d70310..59fb27724 100644
--- a/src/Microsoft.OpenApi/Models/References/OpenApiRequestBodyReference.cs
+++ b/src/Microsoft.OpenApi/Models/References/OpenApiRequestBodyReference.cs
@@ -92,7 +92,6 @@ public override void SerializeAsV3(IOpenApiWriter writer)
             if (!writer.GetSettings().ShouldInlineReference(_reference))
             {
                 _reference.SerializeAsV3(writer);
-                return;
             }
             else
             {
@@ -106,7 +105,6 @@ public override void SerializeAsV31(IOpenApiWriter writer)
             if (!writer.GetSettings().ShouldInlineReference(_reference))
             {
                 _reference.SerializeAsV31(writer);
-                return;
             }
             else
             {
@@ -121,5 +119,18 @@ private void SerializeInternal(IOpenApiWriter writer,
             Utils.CheckArgumentNull(writer);
             action(writer, Target);
         }
+
+        /// <inheritdoc/>
+        internal override OpenApiParameter ConvertToBodyParameter(IOpenApiWriter writer)
+        {
+            if (writer.GetSettings().ShouldInlineReference(_reference))
+            {
+                return Target.ConvertToBodyParameter(writer);
+            }
+            else
+            {
+                return new OpenApiParameterReference(_reference.Id, _reference.HostDocument);
+            }
+        }
     }
 }
diff --git a/test/Microsoft.OpenApi.Readers.Tests/V2Tests/OpenApiOperationTests.cs b/test/Microsoft.OpenApi.Readers.Tests/V2Tests/OpenApiOperationTests.cs
index 7c76c424c..1d7fd39d3 100644
--- a/test/Microsoft.OpenApi.Readers.Tests/V2Tests/OpenApiOperationTests.cs
+++ b/test/Microsoft.OpenApi.Readers.Tests/V2Tests/OpenApiOperationTests.cs
@@ -10,6 +10,7 @@
 using Microsoft.OpenApi.Any;
 using Microsoft.OpenApi.Extensions;
 using Microsoft.OpenApi.Models;
+using Microsoft.OpenApi.Models.References;
 using Microsoft.OpenApi.Reader.ParseNodes;
 using Microsoft.OpenApi.Reader.V2;
 using Microsoft.OpenApi.Reader.V3;
@@ -507,5 +508,99 @@ public async Task LoadV3ExamplesInRequestBodyParameterAsExtensionsWorks()
             expected = expected.MakeLineBreaksEnvironmentNeutral();
             Assert.Equal(expected, actual);
         }
+        [Fact]
+        public async Task SerializesBodyReferencesWorks()
+        {
+            var openApiDocument = new OpenApiDocument();
+
+            var operation = new OpenApiOperation
+            {
+                RequestBody = new OpenApiRequestBodyReference("UserRequest", openApiDocument)
+                {
+                    Description = "User request body"
+                }
+            };
+            openApiDocument.Paths.Add("/users", new OpenApiPathItem
+            {
+                Operations = new Dictionary<OperationType, OpenApiOperation>
+                {
+                    [OperationType.Post] = operation
+                }
+            });
+            openApiDocument.AddComponent("UserRequest", new OpenApiRequestBody
+            {
+                Description = "User creation request body",
+                Content =
+                {
+                    ["application/json"] = new OpenApiMediaType
+                    {
+                        Schema = new OpenApiSchemaReference("UserSchema", openApiDocument)
+                    }
+                }
+            });
+            openApiDocument.AddComponent("UserSchema", new OpenApiSchema
+            {
+                Type = JsonSchemaType.Object,
+                Properties =
+                {
+                    ["name"] = new OpenApiSchema
+                    {
+                        Type = JsonSchemaType.String
+                    },
+                    ["email"] = new OpenApiSchema
+                    {
+                        Type = JsonSchemaType.String
+                    }
+                }
+            });
+
+            var actual = await openApiDocument.SerializeAsJsonAsync(OpenApiSpecVersion.OpenApi2_0);
+            var expected =
+"""
+{
+  "swagger": "2.0",
+  "info": { },
+  "paths": {
+    "/users": {
+      "post": {
+        "consumes": [
+          "application/json"
+        ],
+        "parameters": [
+          {
+            "$ref": "#/parameters/UserRequest"
+          }
+        ],
+        "responses": { }
+      }
+    }
+  },
+  "definitions": {
+    "UserSchema": {
+      "type": "object",
+      "properties": {
+        "name": {
+          "type": "string"
+        },
+        "email": {
+          "type": "string"
+        }
+      }
+    }
+  },
+  "parameters": {
+    "UserRequest": {
+      "in": "body",
+      "name": "body",
+      "description": "User creation request body",
+      "schema": {
+        "$ref": "#/definitions/UserSchema"
+      }
+    }
+  }
+}
+""";
+            Assert.True(JsonNode.DeepEquals(JsonNode.Parse(expected), JsonNode.Parse(actual)));
+        }
     }
 }