How to transfer LP to iMAC Computer

I agree with Docdan50 as this is the method I use with pretty good results. The free software I use is Final Vinyl. You will need to get one of those rca y jacks to stereo mini for the connection.

If you are going to use a stereo miniplug-to-dual RCA cable, I highly recommend the Zu Pivot. It's the best cable of its type I've found and will make a serious difference to the quality of your recordings over even most premium cables of that type.

I use some software called Golden Records which works well on a Mac. It's also very inexpensive. I have written a little about it on my website. You can see it at LP to Mac
Hope this helps

I would purchase a USB Phono preamp. Project and NAD both have models for under $200. I have used the Project with my imac.
The bigger issue is what software package to choose. The best news is that they are free; the good news is that they can be unreliable.

I've had great results using a free program called Audacity (There's a bit of a learning curve but nothing insurmountable.). I run my turntable, first to an inexpensive phono preamp that I purchased from a guitar store (around $50) and then out to my iMac via a left/right RCA cords into mini stereo plug cable I got from Radio Shack. I've got 700 or so albums that I'm chipping away at slowly by saving them to iTunes as AIFF files.