When using the "Edit In, Open As Smart Object in Photoshop" from Lightroom CC, Photoshop does not know where the file came from when it's time to save back to the originating Lightroom directory. Instead, Photoshop saves to the last directory that it worked in. However, if from Lightroom CC you select Open in Photoshop and then convert the layer to a smart object, everything works properly. While not a show stopper, this defect impacts a highly recommended work flow. This occurs in Windows 10.
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