When using Logmein the local printer is automatically redirect to the server/pc by default. This can be turned off by either deleting the printer from “devices & printers” or unticking the printer on the logmein icon bar. Unfortunately the printer will simply reattached itself when you logoff / logon again. In order to stop printer redirection permanently you will need to update the use this regedit (this was confirmed by logmein support 2011/12/22)

I was experiencing the problem with users of a terminal server remotely printing to my PC by default while I was “admining” the server.

Windows Registry Editor Version 5.00
[HKEY_LOCAL_MACHINE\SOFTWARE\LogMeIn\V5\RemoteControl]
"EnableRemotePrinting"=dword:00000000