This is also in PS 2017 (and probably all after) on PC (Win 7).
When one holds Alt + Shift before dragging a mask from the source to the target layer, it (rightly) copies an inverted mask.
This seems to be recorded well, but does not execute and produces an error dialog.
"The command 'Make' is not currently available."
Workaround: Copy normally and invert the mask.