Ugh! Neither one of those worked for me.
I followed the instructions to a T and it didn't do what I wanted.
In Misty's, I didn't get the marching ants like I was supposed to and in the other one, when I draw where I want it to be rounded, it creates a mask already, so when I get to the step to add a layer mask, the background disappears.
Col, I did that, but it creates a layer mask. How do I cut the paper with the mask.
Paula, use the rounded rectangle tool to create the shape where you want it. Put the paper on a layer on top of that (and make sure that the paper layer is selected) and hit Ctl-alt-G.
ETA: they beat me to it!
Holy crap, Col...can you believe that you and I have a sentence EXACTLY the same word for word? Hahahha...creepy!
Right, you don't have to rasterize if all you're going to do is clip a paper to it.
You do have to rasterize it if you want to delete portions of it and probably do other things as well (that's just hte one I can think of off the top of my head).
I always delete using the layer mask so that I can change my mind if I don't like it. I can't think of any time when I've ever need to rasterize. I feel better knowing others don't either, I thought maybe I was missing something.
I think, Bree, that you can also go to View and turn off the view of "Extras" and it will get rid of that annoying line.