Questions & Answers about Lompakko on takin taskussa.
On is the 3rd person singular form of the verb olla (to be). The subject lompakko (wallet) is singular, so you use on.
Plural would be Lompakot ovat ... (The wallets are ...).
Takin is genitive singular of takki (coat). The genitive often marks possession or “belonging to”:
takin tasku = the coat’s pocket / a pocket of the coat.
So takin taskussa literally means in the coat’s pocket.
Taskussa is inessive singular of tasku (pocket). The inessive case ending -ssa/-ssä means in (inside something).
So taskussa = in the pocket.