I started a new project set to vertical 1080p and 59.94fps. But the timecode on the timeline is counting at 29.97fps, not 59.94fps. It gets to frame 29 then ticks over to 00. Vegas recognizes my clip as 59.940 under the preview window, and the project properties still say the project is 59.940fps. So why is the timecode wrong?

On top of that, if I increment frames one at a time on the timeline (using the arrow keys), the timecode only advances every second frame.

This is version 23, build 302.