Reddit reviews Federal Income Taxation of Partners and Partnerships in a Nutshell (Nutshells)
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There is no such thing as digesting this class quickly and painlessly. This is one of the "Big Four" suck-o-matic courses in the Accounting curriculum.
That said, if you need some outside resources, here are ones I used.
Quick note: for S-corporations, equity and debt basis are separate; in case of a loss, equity basis is depleted FIRST; when that is zero, you can deplete debt basis. For partnerships, there is no difference between equity and debt basis.
The Essentials of Corporate Taxation: https://www.amazon.com/Corporate-Taxation-Essentials-Study-Guides-ebook/dp/B00B2S5MSE/ref=mt_kindle?_encoding=UTF8&me= (If you only get one of these, get this one.)
Tax Guide for Partnerships: https://www.amazon.com/Tax-Guide-Partnerships-2016-Bible-ebook/dp/B019R2DL3O/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1497360244&sr=1-1&keywords=Tax+Guide+for+Partnerships (This one is poorly formatted and can be difficult to read)
Federal Income Taxation of Partners and Partnerships in a Nutshell: https://www.amazon.com/Taxation-Partners-Partnerships-Nutshell-Nutshells-ebook/dp/B01MRWOT6R/ref=mt_kindle?_encoding=UTF8&me=
Federal Income Taxation of Corporations and Stockholders in a Nutshell: https://www.amazon.com/Federal-Taxation-Corporations-Stockholders-Nutshell-ebook/dp/B00SNCLU8S/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1497360450&sr=1-1&keywords=federal+income+taxation+of+corporations+in+a+nutshell