Have a read if this workflow from the Audacity Manual: Audacity Manual
it’s part of this tutorial set: Audacity Manual
When I transcribed my LPs I recorded with Audacity set at the default project rate of 44100 Hz and 32-bit float sample format and exported to 44100hZ 16-bit PCM stereo WAVs. This produced excellent results and I listen on fairly high-end (albeit antique) QUAD ELS-57 electrostatic speakers which are very detailed.
The best addition to Audacity I used following a steer from Koz was to purchase Brian Davies’ excellent ClickRepair - it cost me 40 bucks but saved me loads of time and produced excellent results. See this sticky thread on the Forum: Click/pop removal - ClickRepair software
WC
Or if you crank up the volume - sufficient to blow your tweeters 