I set the print options to only print the 1040ES coupons with 'preparer copy'... (which I don't have watermarked)… yeah... i know...but I still DO print a hard copy for my files--old school.  I don't print a government copy at all... just the Taxpayer copy (which is watermarked) and mine... and like I said have the 1040ES selected to NEVER PRINT in the Taxpayer Copy. 

So I just pull the 1040ES coupons out of my forms and move over with the Taxpayer copy.

I don't print a 'government copy' at all.