This paper proposes a new element for modeling the energy-dissipation coupling beam to analyze the coupled shear wall structure under seismic loading. The new beam element includes 2 rigid beams and an energy dissipation device in the middle. The element stiffness matrix is derived based on principles of nonlinear mechanics. A procedure of the incremental-iterative solution is built using the Newmark method and adopted for solving the nonlinear equation of motion. A computer program using Matlab is developed to analyze the behavior of frame analogy which is modeled from the couped shear wall structure. Several numerical examples are presented to verify the developed program with the commercial finite element package SAP2000. The numerical results proved that the proposed program is efficient and reliable. The proposed element and program are then applied to analyze a 30-story coupled shear wall structure with energy dissipation devices. As a result, the locations of the device that provide effective seismic resistance for a 30-story coupled shear wall structure are in the region from the 5th to the 15th floor or assigned on all floors.