Recording From Sound card

On another version of Audacity I was able to record from “Stereo Mix” aka the sound card of my PC. I haven’t quite located this option yet on Version 1.2.6. Is this possible here?

If you have that option, it’s in the Edit → Preferences → Audio I/O → Recording Input drop-down menu.

If you don’t have that option, it’s up to your soundcard drivers to provide it.

If you use Windows, here are some instructions for Vista, I don’t think they’re much different if you use XP:
http://audacityteam.org/wiki/index.php?title=Mixer_Toolbar_Issues#Using_the_Control_Panel