I'll tell you two ways to print which will hopefully be free of the watermarks.   Try the first method first.

Method One:

• Log in and go to the 2016 Tax Timeline.
• If TurboTax thinks you were finished, there will be no "Take me to my return" button.
• So in that case, scroll down to "Some things you can do."
• Choose "Add a state."  (you don't really add one; that's just to get the return to open back up.)
• Once the return is open, go to the State Taxes tab if you need to work on the return any more. 
  
• Otherwise, step through the REVIEW tab, then go to the FILE tab.
• In the FILE tab, choose to "file by mail" (if you have to file by mail), and it should prompt you to print.
  
• Do those forms still have the watermark?  If so, go to Method Two below.

Method Two:

• While the return is still open, click at the top on MY ACCOUNT, then choose PRINT CENTER.
• Then choose "Print/save/view this year's return."
• You will have a choice of the basic PDF or  one with "all forms and worksheets."  I usually save both PDFs. 
  
• Print from the PDFs.  Are the watermarks gone?