You will simply have a photon in one place and nothing in the other place.
I keep trying to find a description so clear that you can't possibly continue to think the above true. Here's one:
"Our experiment demonstrates a violation of Bell inequalities with photons more than 10 km apart"
Tittel, W., Brendel, J., Zbinden, H., & Gisin, N. (1998). Violation of Bell inequalities by photons more than 10 km apart.
Physical Review Letters,
81(17), 3563.
Now, again I have the paper if you want it, but think about this. First, the word is photon
s, plural, not photon. Second, what is the point of having two labs 10+ km apart if you only collapse one photon?
"Using a telecommunications fiber network, the photons are then analyzed by all-fiber interferometers located 10.9 km apart from one another in the small villages of Bellevue and Bernex, respectively"
(ibid)
To play it safe, here's another quote that should be so obvious that it becomes impossible to assert that your description is accurate:
"an entangled state of two photons can be created such that each single photon is unpolarized...Such effects are not only interesting from a fundamental point of view: If the two entangled particles are shared between two distant parties, the perfect quantum correlations can be used to realize a so-called quantum channel over which quantum information can be transmitted."
Volz, J. & Rauschenbeutel, A. (2012). Two Atoms Announce Their Long-Distance Relationship.
Science, 337(40), 40-41.
And finally:
"The key concept is quantum entanglement,
where two systems (which may be well-separated in space) are described by a quantum state that, loosely speaking, cannot be “broken down” into two separated quantum states for each individual system. Entangled states encapsulate quantum correlations between the
two systems. Such correlations often embody entirely new physical properties for the composite system that are not present in any of the two individual subsystems. We may say that these subsystems have lost their individuality, in the sense that
physical properties are now at least partially encapsulated in the nonlocal quantum correlations and therefore cannot be attributed to only one of the subsystems. Broadly speaking, we may thus conclude that quantum entanglement represents a situation where the quantum-mechanical whole is different from the sum of its parts." (emphasis added)
Schlosshauer, M. A. (2007).
Decoherence: and the quantum-to-classical transition. Springer.
And entangling macro objects, it just means that the objects contain elements which are entangled.
"Here, “macroscopic entanglement” should be intended as the entanglement between macroscopically distinguishable states"
Lim, Y., Paternostro, M., Kang, M., Lee, J., & Jeong, H. (2012). Using macroscopic entanglement to close the detection loophole in Bell-inequality tests.
Physical Review A,
85(6), 062112.