Image Trace not working on 28.1

Admitedly I don't use Illustrator that often, but I've been using it for 20 years, and image trace has always been easy. Today, using 28.1 on a Mac Studio Pro, I tried to use imagetrace on an image that should have been very very easy. It just comes out white. It's a two color logo, orange and white. I save it as a TIF file, RGB. I placed the file in Illustrator and ran image trace, and I just get a white square. I look in the layers pallet, and there is one layer. It's white. 

Any ideas? gone are the options of logo, 16 color etc. Now there's just an image trace button, and it doesn't seem to work, unless you want a white square.