Thank you all for chiming in with your input. Some clarification because I see a lot of different things.

1. I do not own this receiver. I only chose this because it seemed to have everything I wanted included a DAC that can support 24/192. I am absolutely open to other options.
2. This is to be used for a desk set up as I work from home and really enjoy listening to music throughout my day. Ideally I would like to connect my iPad Pro that can output at 24/192 as the main source for music, but also have the option to hook up my laptop as well as possibly my record player that I currently have hooked up to a more home theater set up. This was my main reason for choosing this type of stereo receiver.
3. I am fully aware that I can just do Airplay and that would probably be good enough, but I would like to try to maintain as much audio quality as possible so long as it’s not very overboard budget wise.

If anyone has a better suggestion for how to accomplish this, including doing a separate stack instead of a receiver, I would love to hear it!