The message DO NOT FILE or DO NOT FILE, FORM NOT FINAL will appear on your printout if:

    The paper-filed (print) version of the tax form has not yet been finalized in TurboTax; or
    Your federal return was printed before e-filing; or
    Your state return was printed before your federal return was accepted by the IRS; or
    The form is available but you haven't downloaded the latest update (CD/download versions only).

In some cases, clicking the Download all forms and worksheets link (instead of Download/print return) in your Tax Timeline will give you clean printouts without the watermark.