Pure Vinyl if you have a Mac
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I would consider Vinyl Studio. It does not have as many options as Audacity to modify the sound, but my guess is you will probably not use those Audacity features anyway. Vinyl Studio does have one big advantage in that it can lookup your album in an online database and provide tag information like track timing and track names. I use it with existing files, but it can also control the recording process. It has a free demo version and only costs $29 for the full version. It takes a little getting used to, as do all these programs, but I have found it easy to use and the album lookup is a great feature. The click removal also works well.
I've dabbled with audacity and other approaches looking for an efficient and reliable solution.
HAve not found it yet.
Audacity works well for D to A conversion alone, but is overly complex and not optimized to enable fastest complete conversion of analog lps or tapes to digital, including tagging, possible.
Vinyl Studio looks promising and may be the next one I try.