If your records sound fine through your receiver now, all you need to do is
run the line to your PC soundcard. If it sounds tinny and lacks bass then
your receiver isn't compensating for the weaker magnetic pickups and RIAA
equalization. In that case you can get a cheap phono preamp for something
like $20 which will do the job just fine. You don't need a whole new setup,
just the preamp to sit between your turntable and your line input. Of
course, you can spend more on a preamp if you want, depending on your budget
and how discerning your ear is, but the cheapo $20 ones work well enough and
will run less than the digitzing turntables others have mentioned.
Audacity does offer an RIAA equalization effect which will help a little
without a phono preamp, but you still suffer because you're missing the
required gain to bring all frequencies up to a level your sound-card will
pick up clearly for a recording to apply the RIAA equalization.
But if you have the phono jack in your receiver/amp (it sounds fine over
your speakers now), there's nothing more to buy. Just do audio out to your
PC, record from the card, and slice/dice/encode to taste.
~ Daniel
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