"I am drinking the water."
Translation:Je bois l'eau.
There are conjugation forms for each verb. When you want to know how to conjugate a verb, hover your mouse over it: click on the "conjugate " option, and you'll get a conjugation table.
See this chart for the verb "boire" (to drink). "Je" goes with "bois".... http://french.about.com/od/verb_conjugations/a/boire.htm
"Je bois l'eau" = "I drink the water"
"Je bois de l'eau" = "I drink water" or "I drink some water"
That's way off. That translates to "I am drink the water". French doesn't really have the same structure as English where we say "I am ____ing." For example, in English one would say "I am leaving Montreal". In french it is simply "Je quitte Montréal." No need to add a "suis" in there. I don't know how else to explain it. Hope it helps!
If you look at the hints below the present progressive "am drinking", the translation "mange" (French présent) appears in first position.
That is more along the lines of "I drink water", which is a general statement. Saying "Je bois l'eau" is more definite where you are saying "I am drinking THE water".