Baked materials containing Texture Object are black

Using a texture object in material when creating a baked material will result in black material.

Confirmed in 4.23 MAIN @ CL 5806859

User also reports "this also applies to the material as seen by Lightmass, resulting in materials becoming "black holes" they do not generate any indirect light."

1. Create a Material with  Texture object -> Texture Sample  plugged into Base Color (Pictured)
2. Assign material to mesh in level or in static mesh editor
3. Click 'Bake Materials' button in Details Panel or static mesh editor

Result: Baked material is black