Create a new document in Photoshop and paste the text by choosing, Edit > Paste (Ctrl + V). If you plan to paste an item from the Photoshop clipboard into Vanishing Point, copy the item before choosing the Vanishing Point command. Information in this article applies to Adobe Photoshop CC and Adobe Photoshop CS6. Move pointer into the new (destination) document window and release in the middle of the image. Are you confusing Camera Raw updates with Photoshop updates? Paint on that edge and it’ll create a soft edge.
Paste into not working photoshop Copy (Ctrl+C) to copy the text.