recording vhs footage with elgato capture

I'm trying to record some vhs footage using Premiere's capture tool, but when I click capture my video isn't showing up on the screen. I'm using an Elgato capture device to get the footage onto the computer. I know the cable is working because the video and audio show up on the Elgato application. I want to record it in Premiere instead of Elgato so I can record in the HDV setting. Is there a way to be able to see my footage using capture? Thanks!