DaftWullie's answer is correct. The key identity they are using is
$$
\mathrm{tr}_B(\rho_A\otimes\sigma_{BC}) = \rho_A \otimes (\mathrm{tr}_B\sigma_{BC})\tag1
$$
which says that we can pull out tensor factors that do not act on the system being traced over. Using $(1)$ and the symbols defined in the linked question and answer, we have
$$
\begin{align}
\mathrm{tr}_B |\psi\rangle\langle\psi| &= \mathrm{tr}_2 \mathrm{tr}_3 |\psi\rangle\langle\psi| \\
&= \mathrm{tr}_2 \mathrm{tr}_3\left(|\phi_{12}\rangle\langle\phi_{12}| \otimes |\phi_{34}\rangle\langle\phi_{34}|\right) \\
&= \mathrm{tr}_2 \left(|\phi_{12}\rangle\langle\phi_{12}| \otimes \mathrm{tr}_3|\phi_{34}\rangle\langle\phi_{34}|\right) \\
&= (\mathrm{tr}_2 |\phi_{12}\rangle\langle\phi_{12}|) \otimes (\mathrm{tr}_3|\phi_{34}\rangle\langle\phi_{34}|)
\end{align}
$$
where in the first equality we use $\mathrm{tr}_B = \mathrm{tr}_2 \circ \mathrm{tr}_3$ since Bob has qubits $2$ and $3$, in the second equality we use the definition $|\psi\rangle = |\phi_{12}\rangle|\phi_{34}\rangle$, in the third we use $(1)$ with $A=12$, $B=3$ and $C=4$ and in the fourth we use $(1)$ once again with $A=4$, $B=2$ and $C=1$.
Remark on operator domains
Note that $\mathrm{tr}_2 |\phi_{12}\rangle\langle\phi_{12}|$ is an operator acting on the Hilbert space $\mathcal{H}_1$ of subsystem $1$ and $\mathrm{tr}_3|\phi_{34}\rangle\langle\phi_{34}|$ is an operator acting on the Hilbert space $\mathcal{H}_4$ of subsystem $4$. Moreover, $\mathrm{tr}_B |\psi\rangle\langle\psi|$ is supposed to be an operator acting on the Hilbert space $\mathcal{H}_1 \otimes \mathcal{H}_4$ of the two qubits owned by Alice. This confirms that there should be $\otimes$ between the factors in the formula from DaftWullie's answer.
Proof of $(1)$
Recall that $\mathrm{tr}_B\rho = \sum_i\langle i_B|\rho|i_B\rangle$ where $|i_B\rangle$ is an orthonormal basis of the Hilbert space of the subsystem $B$. Calculate
$$
\begin{align}
\mathrm{tr}_B(\rho_A\otimes\sigma_{BC}) &= \sum_i \langle i_B|\rho_A\otimes\sigma_{BC}|i_B\rangle \\
&= \sum_i \rho_A\otimes \langle i_B|\sigma_{BC}|i_B\rangle \\
&= \rho_A\otimes \sum_i \langle i_B|\sigma_{BC}|i_B\rangle \\
&= \rho_A \otimes (\mathrm{tr}_B\sigma_{BC}).
\end{align}
$$