I am pretty sure that the OP understands the issue of dV/dt and reflected waves, and is specifically asking about ways in which the voltage drop between VFD and motor would be much greater than expected.
A pissing match about the harmonic content of the drive output doesn't answer the question.
Now, describing what sort of inverter has a high harmonic output might help the OP, because they might say 'oh....this inverter is one that does have a high harmonic output and thus significant harmonic voltage drop'.
A common DC voltage link PWM output inverter will have a fairly sinusoidal output current with ripple at the switching frequency; I believe that an ordinary voltage drop calculation at the drive output frequency (60Hz in this case) is sufficient.
Unless: could capacitive coupling of PWM switching to ground cause a large voltage drop over such a long circuit? This wouldn't be inductive voltage drop; but it would be reactive...
-Jon