G'day Handell

Hi
"artboard clipping" appears to be only for GIF's, JPEG's, PNG8 & PNG24 files, it doesn't show up in the allowed export options for Photoshop, so this needs to be eliminated.

Try the below which does what your wanting less the above

Applescript:

tell application "Adobe Illustrator"
   tell document 1
       activate
       set bndz to visible bounds of path item 1 of group item 1 of layer 1
       set artboard rectangle of artboard 1 to bndz
       set dpi to 150 as text
       set newFilePath to (path to desktop folder) & "my_masked_image.psd" as string
       tell application "Adobe Illustrator"
           export current document to file newFilePath as Photoshop ¬
               with options {class:Photoshop export options ¬
               , color space:RGB ¬
               , embed ICC profile:true ¬
               , resolution:dpi, warnings:false ¬
               , artboard range:1 - 1}
       end tell
   end tell
end tell