If you cannot solve the issue, you can work around it by selecting the newly created TCP/IP port, click the "Configure Port" button and from there disable the "SNMP Status Enable" checkbox. This will cause Windows to no longer attempt to monitor the status of the printer and it should therefor never report the printer as offline.

Hi, Log on to your computer using an account that has “Manage Printers” rights to the printer. ... Right-click the printer and select “See What's Printing” to display the print spooler window.
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