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I have a very similar problem. The text doesn't show up at all and I have to reset the character panel. Once I have done this I can type and it is visible but I can only type one line, enter / return does nothing.
Anything I do type shows up in the layer panel, but not on the canvas
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Hi there,
Sorry to hear that the text does not show up in Photoshop, could you please try enabling "Legacy compositing" located in Photoshop's Preferences > Performance, then relaunch Photoshop and let us know if it helps?
Regards,
Sahil