Hi doc1988,
First, you need to know the name of the computer which hosts the printer, and the name of the printer to be shared.
Sitting at the host computer: The procedure is the same for Windows 7 32bit
Start > Computer > Properties > Computer Name tab > Change button. Write down the name that you see here because this is the computer name.
Start > in the search box enter"devices and printers" > Printers and Faxes > Right click on the printer to be shared > Properties > Sharing tab. Write down the name that you see here because this is the printer name.
OK. Now sit in front of the Windows 7 64bit computer:
Start > Control Panel > Devices and Printers > Add printer > Add a local printer > Click on ‘Create a new port’ > ‘Local Port’ > ‘Next’.
The port name will look like this: \Computer name\printer name
So enter the names already retrieved, ensuring that you use the same format, then click ‘OK’.
At this point, you will be presented with the ‘Add New Hardware’ process. You can either select the make and model of your printer from the lists or insert your printer installation disk if you can’t find yours. The printer will be added, and you should be able to print a test page.
Also see :
Troubleshoot network printer problems
http://windows.microsoft.com/en-us/windows-vista/Troubleshoot-network-printer-problems
Why can't I print?
http://windows.microsoft.com/en-US/windows7/Why-cant-I-print
http://social.answers.microsoft.com/Forums/en-US/w7install/thread/d10c6104-cdc6-4701-8f09-b94d5315bb66 for additional information
Similar issue : http://social.answers.microsoft.com/Forums/en-US/w7hardware/thread/256167d6-d6b6-4d8d-b164-82c15dd72a01
Regards,
Azeez Nadeem - Microsoft Support