When I go to File/Render As... & select MAGIX HEVC/AAC MP4 & Internet 8K FUHD 4320p 59.94 fps, click on customize template. Encode mode is greyed out. No (NVENC) in MAGIX HEVC/AAC MP4 in 8K FUHD 4320p? I looked in Task Manager/Performance & it just uses Intel QSV (CPU). I tried it on my other PC, with an i5-11600k & 3080, & it shows the same stuff.
Vegas Pro 18, Windows 10, FTW3 3090 Ultra