The issue was in the HDMI ULTRA HD Deep Colour setting. It was on by default.
I’ve switched it off and I am able to see the image on my TV.
But, I am not able to get 120Hz for 2160p resolution. I have only up to 60Hz.
It’s possible to get 120Hz only for 1080p resolution for “Ultra HD, HD, SD” settings. All “PC” settings are 60Hz only.
When I use only RTX2080+LG C9 without CAC-1085, I have the same situation with settings.
But, when I switch on the HDMI ULTRA HD Deep Colour setting of my TV, I am able to use the “PC” settings of resolutions and get 120Hz for 1440p.
But, as I mentioned above, there is no way to use HDMI ULTRA HD Deep Colour setting via CAC-1085.
Also, with HDMI ULTRA HD Deep Colour setting off I am not able to create a Custom Resolution on my PC via CAC-1085.
I continue chatting with Club3D support.