Yes. Most sound card have 2 input jacks, one labeled 'aux in' and the other 'mic' or 'microphone'. You want to use the aux in as it's actually a stereo jack. So lets say one day you get a guitar with an onboard pickup system you could run your pickup to one input on your preamp and your mic to another input on your preamp and if you have a stereo output you can blend those into the input jack so that one is the left channel and the other is the right channel.
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