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Could be a memory issue. As a test, try doing the same thing in a smaller document.

The problem doesn't occur is MUCH MUCH MUCH smaller documents. However, it seems to only occur when I'm drawing non-square shapes.

All I want are rasterized shapes =[
 
After opening the PSD on a Mac that has 6GB of RAM as opposed to the 2 that by laptop has... it works well!! Thanks for the suggestion!

Now I can rasterize these layers and get back to work! 😀
 
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